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	<title type="html"><![CDATA[FrontAccounting forum — Opening balance with stock]]></title>
	<link rel="self" href="https://frontaccounting.com/punbb/extern.php?action=feed&amp;tid=4834&amp;type=atom" />
	<updated>2014-04-02T06:00:26Z</updated>
	<generator>PunBB</generator>
	<id>https://frontaccounting.com/punbb/viewtopic.php?id=4834</id>
		<entry>
			<title type="html"><![CDATA[Re: Opening balance with stock]]></title>
			<link rel="alternate" href="https://frontaccounting.com/punbb/viewtopic.php?pid=19618#p19618" />
			<content type="html"><![CDATA[<p>SOLVED!</p><p>When entering the Opening Balance, you also enter the stock value.<br />With the step mentioned in fawiki to add stock, the stock value is added again. So you have the double value in FA. Step 8 in fawiki is needed to correct for this double value.</p>]]></content>
			<author>
				<name><![CDATA[RichardVinke]]></name>
				<uri>https://frontaccounting.com/punbb/profile.php?id=5827</uri>
			</author>
			<updated>2014-04-02T06:00:26Z</updated>
			<id>https://frontaccounting.com/punbb/viewtopic.php?pid=19618#p19618</id>
		</entry>
		<entry>
			<title type="html"><![CDATA[Opening balance with stock]]></title>
			<link rel="alternate" href="https://frontaccounting.com/punbb/viewtopic.php?pid=19611#p19611" />
			<content type="html"><![CDATA[<p>Hi all!</p><p>I only understand the basics of accounting. If I ask stupid things, please forgive me!</p><p>I follow the steps mentioned in fawiki (https://frontaccounting.com/fawiki/index.php?n=Main.OpeningBalances) under &quot;Advanced&quot;. After step 7, my balance sheet looks ok.(Total Liabilities and Equities has correct amount). Also the GL Stock has the correct ammount in debet. The GL &quot;Inventory Adjustment&quot; has the same ammount in credit.</p><p>I think, this is ok.</p><p>Question: Why is step 8 in fawiki needed and what does it do?</p>]]></content>
			<author>
				<name><![CDATA[RichardVinke]]></name>
				<uri>https://frontaccounting.com/punbb/profile.php?id=5827</uri>
			</author>
			<updated>2014-03-30T15:43:26Z</updated>
			<id>https://frontaccounting.com/punbb/viewtopic.php?pid=19611#p19611</id>
		</entry>
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