How do *you* handle end-of-year business accounting?

[Laurent Duperval]

Hi,

I know the 1.8.x series does not support end-of-year closings. So, how 
do *you* do it? I'm about to calculate all my expenses and deductions 
for the year (depreciation, AP, AR, etc.) I know I can ask a report of 
everything for last year, but how do you deal with retained earnings? 
How about bills that aren't paid yet or payments that haven't been 
received yet?

I'm looking for some real experience that has worked for others.

Can someone collate the answers and put them in a FAQ on the Web page. 
The question comes up once a quarter. This is my version for this 
quarter. :-)

L

-- 
<Laurent Duperval> lduperval at videotron.ca

Q:	What happens when four WASPs find themselves in the same room?
A:	A dinner party.