Using Retained Earnings

[Derek Atkins]

Lars Jensen <jensen at physics.unr.edu> writes:

> Hi,
>
> As a newbie to gnucash, I have some questions about transferring funds 
> to Equity:Retained Earnings at the end of an accounting period :
>
> (1) Is there some place in gnucash where one defines the duration of an 
> accounting period?

Not yet.

> (2) Is this supposed to be done automatically by gnucash, or is it 
> something I do manually? If I do this manually, how exactly is this done?

You have to do it manually.  Just go into all non-zero Income and
Expense accounts and add a transaction to take the balance back to
zero.

> Thanks for any help with this,
> Lars.

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
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