User Support Forum

It is the income and expense accounts that impact the equity or fund balances. When you set up a new income or expense account, PC+ asks what equity account this should "close to". Assets and liabilities do not directly impact the fund / equity balances (unless you do some rather unorthodox journal ...

If I set up an equity account for a specific (i.e. temporarily restricted) purpose, and I only use income and expense accounts that close to that equity account, why do I need to add release transactions? This is an issue of clarity and simplicity - none of the people who look at my reports understa...