End of year (again :-) and reports

[Derek Atkins]

gh <gh1000 at earthlink.net> writes:

> Derek,
>
> Thanks for your reply on the first question.
>
>> Another thing to keep in mind is that most of the reports
>> already handle begin/end dates so if you don't mind the I/E
>> account balances growing you don't need to insert the
>> balancing transactions.
>
> OK, option #1 (transfer I/E balances to Retained Earnings) will 
> be. (I agree that in the P&L the report dates could be used to 
> "cut" the accounts' balances and, say,  print out a report for 
> your CPA. This will not work in a Balance Sheet)

Why not?  The Balance Sheet has a start/end date, too (for just
that reason).

-derek

-- 
       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
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