Year End Dates

[James Leone]

warlord at MIT.EDU wrote:

>James Leone <linuxcpa at netscape.net> writes:
>
>  
>
>>>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.
>>    
>>
>
>Ok.  This is true, but gnucash did start as a personal app,
>not a business app.  The business features are new, and not
>all the reports have been updated.
>  
>
Its all good.   :-)


>  
>
>>>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?
>>    
>>
>
>I dont know, I'd have to look.  I think there is a date-utilities
>in the report subsystem that probably determines it.
>
>  
>
>>>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.
>>    
>>
>
>Ahh, thank you.  The P&L report does let you set the start date.
>The balance sheet does not.  Please file a bug report at:
>
>        http://bugzilla.gnome.org/enter_bug.cgi?product=GnuCash
>
>It only takes a minute, and this way the request wont be lost.
>  
>
Ok. :-)

>  
>
>>>>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.   :-)
>>    
>>
>
>Agreed.  File a bug report. :)
>

Ok. :-)

>
>  
>
>>>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.
>>    
>>
>
>You had the time to respond to my email -- cut-and-paste into bugzilla
>would take even less time.  The programmers sometimes watch this list,
>but email is emepheral and gets lost.  Bugzilla lets the developers
>keep track of what needs to be done and what has been finished.
>The developers started to use bugzilla SPECIFICALLY because following
>the mailing lists did NOT work...  There is no way to assign a bug
>to a specific developer via email.
>
>So please, take the 60 seconds, go to the URL I supplied above,
>and please fill out a bug report.  Then you'll get an email update
>when the feature has been completed.
>  
>
Ok. No problem. I will skip dinner tonight. LOL :-D

Thank you for helping out. Now for the bug report. :-)



James Leone