If you want more info on that, I could provide that. That way the same transaction is in both accounts with the opposite sense. Note that for payments to the credit card company, you probably want to enter that as a Transfer to the checking account.
![gnucash opening balance credit card gnucash opening balance credit card](https://www.oldergeeks.com/downloads/gallery/GnuCash%20Portable1.png)
When the GnuCash file was created, entered 10 Shares of XYZ at 100/share in the Account for XYZ, with a balancing transaction to Equity:Opening Balance of 1,000. is that accounts can be much more than checking or credit card accounts. Using the Balance Sheet report with 'Nearest In Time' selected, and reporting as of 2/1/10. One way to deal with that is to Void any duplicated downloaded transactions. GnuCash developer, Robert Merkel, explains the functionality of the Quicken. Getting things going to begin withĬould be some work as you deal with downloaded transactions being duplicates of the hand-entered transactions. Then once you get current, keepĭepending on your credit card (and probably would need to be a US credit card for them to have the right server), you might be able to download credit card transactions via PocketSense.
![gnucash opening balance credit card gnucash opening balance credit card](https://i.stack.imgur.com/XhPq1.png)
I would work my way forward, and if I did not want to resolve everything, I might make an adjustment entry for every year. You could probably download the oldest statement,Īnd concentrate on making the first part of the register match the numbers in the first statement. Then make one or more compensating transactions, dated as early as possible, make the register match the statements.
![gnucash opening balance credit card gnucash opening balance credit card](https://files.speakerdeck.com/presentations/14976e83209342669cccc718b0fe4433/slide_21.jpg)
Both Wave and Sunrise offer great full-featured accounting software while ZipBooks provides simple invoice creation. A mobile app for Android smartphones is available, but it offers limited functionality. One alternate strategy is to make the Opening Balance zero in the account settings. GnuCash is an on-premise application you’ll need to download onto your computer it does not offer remote access. You probably had made compensation transactions in the past, or maybe did not enter a payment or two into the CC register.