Category Archives: GnuCash

Adding Balances to GnuCash

How do you get balances into a new GnuCash file?

When I first setup the free GnuCash accounting system quite a few years ago, there was a wizard that walked me through the process. I just followed the steps and it did things to make everything work. To my recollection, it was a nice, easy and mostly straight forward process.

At some point it asked about opening balances and I just told it the answers and “stuff” happened. Everything just worked. That’s all fine at the time but if you want to set up a new file for a new year, you need an inkling of what the “stuff” was.
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