Resetting Income and Expenses at Year End

[Derek Atkins]

Steve Drach <drach at sun.com> writes:

>> > I suppose this is a FAQ, but I can't find it anywhere.  I'm using Gnucash
>> > 1.6.6 on Debian Woody.  On January 1, I'd like to keep my current
>> > asset/liability accounts and reset (to zero) my income/expense accounts.
>> > What's the recommended way to do that?
>>
>> File -> Export Accounts
>>
>> Then open your new file and reset all your opening balances.
>
> I'm not sure how to do that, except transfer from equity.  Is that
> what I'm supposed to do?

Yes.

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
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