Close books trashes Income Statement and Net Income on Balance Sheet

[JT Morée]

> "calendar" allowed for the special date "year end". In other
> words, we could insert a date in between two (real) calendar
> dates that fell after the first but before the second. Think
> of it as a December 32 or a Jan 0
> 
> Not an easy problem for GnuCash (no way of knowing what the
> user's "fiscal year" might be)
> 
> Michael D Novack, FLMI

I am not an accountant but I disagree that the best solution is to create a fake date or reserve a real date.

I realize my post was long but in short I believe the best solution is to have the reports be smarter.  It's not difficult (almost done in fact) and it avoids the fiscal year problem you mention. 

JT