Thanks to Mattia and Steve (et all),
Not only have I re-classified the FI1 and FI2 streams as "Assets", but since I
didn't think "Current Assets" was quite a correct title, I created another
asset category of "Recurring Assets" and moved FI1 and FI2 into that category.
No more 'Imbalance'...
Thank you to Mattia and Steve,
I have re-classified FI1 and FI2 as "Assets" rather than "Income", and it's
beginning to make some logical sense to me (again). I've likely forgotten most
of what I ever learned about bookkeeping, even knowing whether or not that is a
hyphenated word...
The Gener
Hi Bruce
It is a formal requirement in double entry accounting theory that the sum of the
debit entries/splits for a transaction should equal the sum of the credit
entries or splits.
Most transactions only have two splits but in the entry of transactions with
more than two splits if you enter a
Hi Bruce!
I believe you are missing something foundamental on how double-entry
bookkeeping works.
Every time you make a change to one account (in your case FI1 and FI2)
there *need* to be another corresponding and opposite change to another.
In your case, that's likely means some kind of checking
Just setting up GnuCash 3.8b+(2019-12-29) for the first time
on an HP EliteDesk 800 G1 running LinuxMint v20.02 Cinnamon.
And yes, I've had Bookkeeping-101 in College, 40+ yrs ago.
And it was processed by an IBM 360 Mainframe.
What I'm not understanding is the basics behind the "Imbalance" result.
