GNUCASH IMBALANCE HOW TO
GNUCASH IMBALANCE DOWNLOAD

(Note: All numbers have been redacted for privacy issues, but I hope the images are sufficient to allow you to understand what is going on. The answer by pointed me partially on the right track, so this answer is intended to help people waste less time in the future. I just decided to start using GnuCash today, and I was also stuck in this position for around an hour before I figured out what to do exactly. Autocomplete will suggest transactions, and online transaction pull will try to guess which account a given transaction should match with based on that data. Once you've got your history all classified, data entry will be easier. You'll need to start creating expense, liability and income accounts to direct these into.

Open up the checking account and you'll see they're all going to Imbalance.

Presumably you've imported a lot of data into what's known as a transaction account like checking, and it's all going to Imbalance, because it's double entry and it has to go somewhere. Ideally, I figure it should autohide unless there's something in it, but it's a minor annoyance. You can delete it once you've emptied it, but it will be recreated the next time an unbalanced transaction is entered. Any transactions in there should be reviewed and fixed. Yes, it's possible to get this down to zero, and in fact desirable. My question is, is it possible to get the 'unbalanced' account to zero and eliminate it? This is the default 'uncategorized' account. That's Imbalance-USD (or whatever your default currency is). Importing ICICI Bank and other Banks account file.Now you can import this file easily in GnuCash. Date, Amount, Check Number, Payee, Memo, Category and Sub-Category, select the destination for QIF output file and click on Convert. If you can't decide the account name you can write Imbalance against such entries in the Category and GnuCash will show them as imbalance till you change them.Īfter you change the entries in Category column you should select the cells and click on Save to QIF, clear the default fields and select them again in the order they are displaced i.e. Similarly you should write the names of other accounts like Cash etc in the Category column. You need to change TBI to Accounts Receivables. One in the Bank Account and the other in Accounts Receivable but the file downloaded from ICICI Bank shows TBI on the Category.

Suppose you have received payment from your Customer there are two entries to be made. When you import the file you will see that the Category column has entries like TCI, TBI, TIP etc and while GnuCash can import the transactions into the Bank Account it does not understand where to post the corresponding debit/credit entry into the other account. Open Office has a macro CALC2QIF which imports.

GNUCASH IMBALANCE DOWNLOAD

ICICI Bank offers download of Bank Transactions file in MS Money Format (.qif) and GnuCash accepts importing this file format but when you try to import it may fail and if it succeeds the import wizard will ask many questions.

GNUCASH IMBALANCE HOW TO

I wrote in the previous post that I would write about how to import Indian Banks Transaction files in GnuCash accounting software. A new post on same topic may be found here.

Gnucash imbalance