end of year and thank you

[Dave Reed]

On Monday 13 December 2004 17:22, Chris Bare wrote:
> I've been using Gnucash exclusively for nearly a year now and it's 
been
> working great. Thank you again to everyone who's hard work has made 
such a
> useful program.
> 
> I know that Gnucash doesn't have any specific end of year operations 
like some
> accounting packages do, so I wondered what the recommendations are? 
Prior to
> this year, I had used Quicken for about 7 years and never done any 
thing
> special at the end of the year. I just adjusted my reports as needed 
to see
> the data I wanted. Is there any issue with doing that in Gnucash?
> I noticed that the Account Summary, Balance Sheet and probably some 
other
> reports have only one date, so I guess they always go back to the 
first transaction?


Yes, do the same with gnucash. I've been using it for two years now and 
just adjust dates on reports. The account summary and balance sheet 
can't use two dates. The balance sheet is the current value of your 
accounts on some specified day - that has nothing to do with a start 
date.

The only minor drawback is that the file grows larger and the reports 
take longer to generate since there are more transactions to process. 
Unless you have tons of transactions, this shouldn't be much of an 
issue. I figure that as long as memory, disk space and CPU speed 
continue to increase, my file will never get too big to handle. :-)

Dave