Balance sheet - shouldn't it indicate a single date rather than a range?

[Derek Atkins]

Ben,

Ben Pracht <bpracht at nc.rr.com> writes:

> Derek Atkins wrote:
> At the balance sheet point, the income and expenses would have been
> cumulative, regardless of whether the income sheet accounts were
> closed.  To be in balance in all cases, the income sheet accounts
> would have to be shown, though.

Exactly -- and since they are NOT shown, this is the easier way
to do it.  The key is to make sure your P&L and Balance Sheet 
have the same period, and everything works.

> Btw, is there a feature to close the income sheet accounts?

There is some untested code in CVS.

> Regards,
> Ben Pracht

-derek

>>Yes, and no.
>>
>>The balance sheet DOES handle a point, but it also needs to include
>>your equity at that point in time, which means it needs to know the
>>INCOME for that period, which means it needs the starting value of
>>your income accounts to compute the Net Profit for the equity
>>calculation.  That's why it needs a 'start date', because you need to
>>plug in the income delta that occured during the last period.
>>
>>-derek
>>
>>Chris Dennis <chris.dennis at ndirect.co.uk> writes:
>>
>>
>>
>>>Hello Folks
>>>
>>>I've just noticed that the balance sheet report is headed
>>>
>>>	Balance Sheet 1/ 1/2004 - 8/ 6/2004
>>>
>>>i.e. it has a date range, rather than a single point in time, which
>>>doesn't make sense.
>>>
>>>I'm running version 1.8.8 via CVS.
>>>
>>>The documentation for version 1.6 at
>>>http://www.gnucash.org/docs/v1.6/C/t1684.html correctly shows a single
>>>date; something seems to have got worse since then.
>>>
>>>Am I right?
>>>
>>>cheers
>>>
>>>Chris
>>>_______________________________________________
>>>gnucash-user mailing list
>>>gnucash-user at gnucash.org
>>>https://lists.gnucash.org/mailman/listinfo/gnucash-user
>>>
>>>
>>>
>>>
>>
>>
>>
>
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-- 
       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