Amend "Close Book"

[David T.]

Well, I certainly defer to accountants on something like this!

That said, I'll offer that if I were doing this in my own home books in GnuCash, I would do as you said and delete the closing entries, make my changes, and then run the closing routine for the two dates.

Again, that's my home books, where I am master chef and can cook them anyway that works.

David



________________________________
 From: Gregory Forster <fgreg74 at gmail.com>
To: gnucash-user at gnucash.org 
Sent: Sunday, February 12, 2012 2:45 PM
Subject: Re: Amend "Close Book"
 
I was taught in accounting class (many, many years ago) and have done 
it, that you do not "amend" closed books for previous year.  You make a 
correcting/adjusting journal entry with a detailed description.

Greg

On 2/12/2012 8:57 AM, Mogliii wrote:
> Hi,
>
> Situation: One file containing all transactions since beginning 2010.
> Books has been closed for 2010 and 2011. Now some bookings had to be
> amended in 2010.
> What is the best and safest way to proceed to amend the book closure?
>
> Delete the closing transaction for 2010 and 2011, and then perform
> "close book" twice?
>
> Any suggestion appreciated.
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