sql-ledger-users

Opening Balance Equity

[David W. <di...@tr...>]

I'm sure this will be a (somewhat?) silly question.. I need to know how 
to enter starting balances into the ledger. I tried making a GL entry 
that wasn't balanced to open the accounts at '$x'.. but, of course it's 
too smart for that ;)

So.. How do I do it? :)

One other question I have.. There seems to be many copies of the same 
files in the distribution. I get the bin/ directory with the user agent 
info, etc.. But, what I'd like to know is, what are the differences 
between the files, and when is one used (in one particular dir) instead 
of another in, say the SL directory?

Thanks

David

Re: Opening Balance Equity

[Richard L. <ri...@th...>]

On Thursday 03 January 2002  4:54, David Wolf wrote:
> I'm sure this will be a (somewhat?) silly question.. I need to know how 
> to enter starting balances into the ledger. I tried making a GL entry 
> that wasn't balanced to open the accounts at '$x'.. but, of course it's 
> too smart for that ;)
> 
> So.. How do I do it? :)

You should really have an initial balance sheet that is ... in balance.  I 
haven't got my sql-ledger up and running yet so I don't know if it will 
accept a whole stack of opening balances in one GL posting, but if it 
won't, or if (like me) you are disorganized enough to be working through 
the opening balances piecemeal, you can start a liability account for 
opening balances and put all the contras in there.  When the opening 
balance is balanced, that account will be too.  Alternatively, wait a bit 
for a difinitive answer from some accountancy professional...
--
richard
 

Re: Opening Balance Equity

[Dieter S. <dsi...@sq...>]

You can create one GL posting to enter your beginning balances.

Use your last balance sheet.


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 Thu, 3 Jan 2002, Richard Lyons wrote:

> On Thursday 03 January 2002  4:54, David Wolf wrote:
> > I'm sure this will be a (somewhat?) silly question.. I need to know how 
> > to enter starting balances into the ledger. I tried making a GL entry 
> > that wasn't balanced to open the accounts at '$x'.. but, of course it's 
> > too smart for that ;)
> > 
> > So.. How do I do it? :)
> 
> You should really have an initial balance sheet that is ... in balance.  I 
> haven't got my sql-ledger up and running yet so I don't know if it will 
> accept a whole stack of opening balances in one GL posting, but if it 
> won't, or if (like me) you are disorganized enough to be working through 
> the opening balances piecemeal, you can start a liability account for 
> opening balances and put all the contras in there.  When the opening 
> balance is balanced, that account will be too.  Alternatively, wait a bit 
> for a difinitive answer from some accountancy professional...
> --
> richard
>  
> 
>