Undocumented? Close book

Derek Atkins warlord at MIT.EDU
Wed Dec 9 12:30:29 EST 2009


Parker Jones <zoubidoo at hotmail.com> writes:

> Thanks David, that does help a lot.    Especially the tip about reports.
> I can see a problem with my usage because my partner also uses the same
> accounts.  She might occasionally make changes without realising that zeroing
> transactions need updating and I might not notice her changes, thus leaving
> the books out of sync.  I suppose I'll have to re-close books regularly to be
> safe.

For the record, I never close the books.  I don't see a reason to.  All
the reports are designed to handle periods, so really the only thing
that closing the books gives you is the ability to look at the account
balances in the Chart of Accounts to see this period's balance.  But if
you use the reports for that info then you don't need to ever close the


       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available

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