Retained Earnings

[Derek Atkins]

Retained Earings is computed from the start to the "From" Date.
Net Profit is computed from the "From" date to the "To" date.

-derek

Quoting Doctorcam <cam at ellisonet.ca>:

> Thank you for this.  It's more or less what I expected, but I am too
> lazy to go poking through other reports.
>
> Your explanation might imply that somehow any activity between the
> "closed" date, and the subsequent date on which the report is actually
> run, is included. I assume that is not true, and that you are referring
> to the "From" and "To" dates, the latter being the "closed" date.
>
> When I run last year's Balance Sheet, which started with both Income
> and Expenses at $0.00, the RE figure is a not-insignificant negative
> amount.  Your explanation suggests that gnucash should be calculating
> a positive value for RE (since Income was greater than Expenses).  Am
> I missing something here - like a sign reversal?
>
> I think that because we set up a split to zero both Income and
> Expenses on the last day of the FY, in order to close properly, we end
> up with a figure that relates to the rest in a non-obvious way.
>
> I'm looking forward to 2.0  :-)  Do you still expect a December
> freeze and roll-out, or are we looking at the New Year?  Or should I
> piss off and quit asking unanswerable questions? ;-^)
>
> Thanks - and for everything you do on this package
>
> Cam
>
> --
> Cam Ellison  Ph.D.  R.Psych. #01417
>
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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