account transition to new year

Mark Johnson mrj001 at shaw.ca
Fri Feb 4 21:49:11 EST 2005


It sounds like your profit and loss report is from just the beginning of 
the year.  Try clicking the options button.  On the General Tab, you can 
change the "From" and "To" dates to see profits/losses over different 
time periods.

Mark

Enrique Barahona Ramos wrote:

> Hi, sorry if this has been adressed before in the list, I'm new to 
> gnucash and personal accounting.
>
> My question is, I've been entering chequing account transactions for 
> 2004, but the moment I enter an expense transaction in January 2005 
> gnucash displays a loss equal to the amount for the 
> transaction/transactions, even if the checking account balance is 
> positive. Income transactions don't appear as profit though.
> I'm guessing it has to do with the financial year, so my question is 
> how does one handle the transition from one year to another.
> I read in the manual one is supposed to transfer the income-expense 
> balance to an equity account, but how is this done?
> If i transfer the assets balance to my equity account then I get twice 
> as much equity, which can't be right.
>
> Or should one keep one file for each year, and just enter the balance 
> as the equity in the new year account?
>
> Thanks,
>
> Kiko
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