Re: entering starting amounts into accounts

[Don W. <das...@ya...>]

Hi Greg-

You will also need to create a sort of dummy account
to make the double entry bookkeeping balance. For
example:

Your checking account has $1000 in it to start. (Now,
I  will probably get which is debit and which is
credit wrong.)

1) Create an account called say Initial Account.
2) Make a General Ledger entry where you debit
checking $1000 and credit Initial Account $1000.
3) Do something similar for all other initial amounts.

Inventory is a little trickier.  Dieter and others
discussed it with me when I asked earlier, and what I
got was this.

1) Create an account to pay for the inventory.
2) Create a vendor that is basically yourself.
3) Create vendor invoices for all of your initial
inventory and pay for it from the account in step 1.

I hope that helps.

Don


--- Dieter Simader <dsi...@sq...> wrote:
> Use the GL and make an entry for the balance.
> 
> 
> Dieter Simader    http://www.sql-ledger.org   (780)
> 472-8161
> DWS Systems Inc.     Accounting Software       Fax:
> 478-5281
> =========== On a clear disk you can seek forever
> ===========
> 
> On Sun, 16 Sep 2001, Greg Jetter wrote:
> 
> > I can't seem to find any way of entering initaia
> values into accounts created 
> > by the install process ,  any hints ?
> > 
> > 
> > Greg
> > 
> > 
> 
> 


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