status of accounting periods support

Ian Pilcher pilchman at attbi.com
Tue Feb 4 13:06:03 CST 2003


Cory McIlroy wrote:
> I've been trying to determine if functionlity related
> to accounting periods has been added since v1.6.

I'm pretty sure that it hasn't.

> If not, I'm still curious how people deal with
> "closing the books" without actually creating separate
> files at the beginning of the new year.

The general consensus seems to be that the closest you can get is to
net all of your income and expense account to an equity account on the
last day of the year being closed or the first day of the following
year (12/31 or 1/1).  If you don't have any other transactions on the
selected day, and you adjust the dates of your income and expense
reports accordingly, you can still get valid information from them.

-- 
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Ian Pilcher                                           pilchman at attbi.com
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