Zeroing out income and expense accounts
Derek Atkins
warlord at MIT.EDU
Mon Jan 2 13:09:27 EST 2006
Quoting Steve Drach <Steve.Drach at sun.com>:
>> I add a transaction that negates the sum of all previous transactions.
>
> And how do you match that transaction? Does it go back to an Equity
> account? Like Equity -- year end?
I use Equity:Retained Earnings.
-derek
--
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
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