End of Reporting Period

[FredGMau]

Thank you.  This will work.  I will run the Profit and Loss for the period.

Thanks again.

 

 

  _____  

From: David T. [mailto:sunfish62 at yahoo.com] 
Sent: Friday, June 01, 2012 8:04 PM
To: FredGMau; gnucash-user at gnucash.org
Subject: Re: End of Reporting Period

 

Fred--

 

For reporting purposes, it is not necessary to close accounts; you can
simply change your report options to include only 2012 data. 

 

If you still wish to close your accounts in order to follow classic
accounting guidelines to "close the books" each year, you can do so using
the Close Books option under Tools. This creates zeroing transactions for
your income and expense accounts. Please realize that this won't actually
eliminate earlier transactions; you will still need to follow my suggestion
above about report options.

 

There are some who use what might be called a Full Nuclear option, where
they essentially start a new file each year, creating an empty account
structure file and manually entering opening balance transactions for every
account. That is truly your only way to avoid seeing earlier transactions.
I'm not recommending it, mind you.

 

David

 

 

  _____  

From: FredGMau <FredGMau at comcast.net>
To: gnucash-user at gnucash.org 
Sent: Friday, June 1, 2012 11:32 AM
Subject: RE: End of Reporting Period




Windows 7

Latest Gnucash install.



No issues with the operation.



How do I close out calendar year 2011 data so that I only have 2012 data for
reporting purposes?





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