Closing out a year?

[Matthew T. Jachimstal]

On 10 May 2001 15:12:19 -0400, Paul Lussier wrote:
> 
> In a message dated: 10 May 2001 15:00:54 EDT
> Matthew "T." Jachimstal said:
> 
> >I mentioned that this past January, I went to each expense and income
> >account and adjusted the balance to 0.00 as of 1 Jan. There was a
> >suggestion of keeping a list of accounts or flagging which ones should
> >be zeroed like this.
> 
> Hmmmm, I can see where this would be beneficial for the purposes of 
> comparing different accounts between years, but that doesn't allow 
> for the easy isolation of the years when I want to save off to a 
> separte file, does it?

It works somewhat nicely, but is a pain to go to EACH account and zero
it.

> 
> Thanks, I hadn't thought of zero'ing things out for yearly 
> comparisons :)

I hadn't thought of archiving each year in its own file. :)

That would be rather nice to have, just make the beginning balance of
the asset & liability accounts equal to the ending balance before
seperation. (Gee, that sound a lot like standard accounting practices.
:) )

Matthew

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