You are forgetting that Income and Expense are also types of Equity. So
you need to update your equation, and that will fix it for you.
-derek
Sent using my mobile device. Please excuse any typos.
On June 15, 2022 12:27:05 PM Jack Lockard wrote:
I've been using GNUCash for over 10 years now.
I've been using GNUCash for over 10 years now. Looking at the Equity group
today I realized that the Opening Balances account has a balance of over
$200,000. So I am thinking that I am not using the Equity group correctly.
Isn't Equity supposed to be Assets - Liabilities?
What got me started to
