Re: Beginning balances

[Chris Travers <..hidden..>]

Of course, that should have said

Best Wishes,
Chris Travers

But here is a slightly longer explanation:

Double-entry bookkeeping uses the fact that books are supposed to
remain balanced as an important way to check for errors.  If you don't
understand double-entry accounting and you are running a business, you
really should get a used book on the subject.

In general:

1)  Every transaction should be balanced
2)  Every day should be balanced

If you are getting away from that you will run into problems.

Best Wishes,
Chris Travers