Re: [SL] Setting a start balance for bank account in 2.8.7?

[David J <ja...@in...>]

Wot.
No other assets or liabilities needed ?
Nothing owing or owed ?
No comparative balances from previous year ?
Definitely talk to your accountant.

> On Thu, 16 Aug 2007, Rich Shepard wrote:
> 
> >   Sure. Credit the checking/savings account and debit an
> > equity account. Or, ask your accountant how she prefers
> to have the credit side handled.
> 
>    I'm sorry; must not be fully cafinated yet. The bank
> account should be _debited_ to increase the balance, and
> the equity account should be _credited_.
> 
> Mea culpa!
> 
> Rich
>