Year End Dates

Derek Atkins warlord at MIT.EDU
Sat May 17 17:49:42 CDT 2003


FYI, the first bug has already been reported:

        http://bugzilla.gnome.org/show_bug.cgi?id=101519

-derek

James Leone <linuxcpa at netscape.net> writes:

> warlord at MIT.EDU wrote:
> 
> >James Leone <linuxcpa at netscape.net> writes:
> >
> >
> >>>If you need to end a period, you can File -> Export your account tree
> >>>into a new file and then start a new data file (with new opening
> >>>balances).  But this is a long, tedious, manual process to
> >>>re-initialize all your asset and liability accounts at the end of
> >>>every period.
> >>>
> >>>
> >>I was kinda hoping to find out what piece of source code, or whatever,
> >>could be changed from December to June, etc.
> >>
> >
> >Oh, so you want the "End of Year" setting to imply June 30 and
> > "Begining of Year" to be "July 1"?
> Yes, many government agencies and not for profit organizations have
> various year ends.
> 
> >Or the "Year to date" to imply
> >"July 1 through today"?  Unfortunately there is no way to do that,
> > currently.  The "year" is currently tied to calendar year.
> What piece of code determines this?   Is it separable, can it go in a
> .conf file?
> 
> 
> > But I can
> >certainly see the value in being able to set the year, so feel free to
> >file a report at bugzilla.gnome.org.
> >
> >
> >>>Question: in what way is Net Income not properly reflected on tha
> >>>Balance Sheet?
> >>>
> >>>
> >>This is only as a result of the year end date, and when compared to
> >>net income as reported on the income statement.
> >>
> >
> >Sorry, which report is the "income statement"?  I don't see a report
> >of that name in the Reports menu or any sub-menu.
> >
> Profit and loss = income statement.
> 
> >
> >
> >>If I were to run an income statement from July 1 - June 30, net income
> >>from that report would not equal net income on the balance sheet. Net
> >>equity would be correct, but net income does not adjust itself to
> >>reflect July 1 - June 30.
> >>
> >
> > Well, the balance sheet doesn't have a start-date setting.
> In general that is true, but Gnu Cash breaks out profit and loss on
> the balance sheet, and profit and loss is a measurement for a certain
> time period.   :-)
> 
> > I presume
> >that it's starting with the current calendar year, but I don't know.
> >So, that could be part of the problem here.  Please file a report to
> >get a from-date set...
> >
> Well, I don't have much else to add here, and I don't have the time. I
> thought the programmers watch this list.
> 
> James Leone
> 

-- 
       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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