![]() This is what your account should look like after it is complete.Īfter this is done, you should not have to move any more accounts, since you can directly enter the transactions in the Transfer box. Fortunately, you only have to do this once. Unfortunately (I do not understand why they did this), you cannot move multiple transactions at once. What you have to do, now, is to click on them individually and sort them into the correct account. These are marked out with the red rectangles. GnuCash Personal Finance Manager GnuCash is a free personal and small-business financial-accounting software that implements a double-entry bookkeeping system. Note that except for a few transactions, most of them are going to Imbalance. Now, you will have to open your Savings Account. This is due to the double-entry accounting system that GnuCash uses. ![]() The Imbalance account (GBP in my case) will be negative of whatever you have imported. Upon successfully importing your transactions, you should be able to see your transactions in the Checking Account and Savings Account (plus additional accounts you have imported). (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).
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