Zeroing out income and expense accounts

[Beth Leonard]

On Sun, Jan 01, 2006 at 07:05:42PM -0800, Steve Drach wrote:
> I think I read this is the way to restart the year.  So, is there a  
> quick way to do this?   Do I just add a transaction that negates the  
> sum of all previous transactions?  Or do I delete each previous  
> transaction, or ???

I add a transaction that negates the sum of all previous transactions.
I also save off an archive copy of my data at that point -- for
example all of 2005 without the zero-ing transactions yet added,
and then I add the transactions dated 12/31/05 and continue on
with my 2006 data.  This way if I want to run reports on 2005,
I can open up that archived data file and December still works
correctly.

In 2006 all the tab-completion still works correctly, but the
totals in the summary accounts page are for one year only.

Depending on your needs, you may wish to add the zero-ing transactions
for 1/1/06 or 12/31/05 and put them in the saved aside file or the 
continuing on file.

Future versions of gnucash are supposed to have book-closing support
I believe.

--Beth 
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+                             Beth Leonard                          +
+       O say, does that star-spangled banner yet wave              +
+       O'er the land of the free and the home of the brave?        +
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