what is this called? the yearly translation to calculate balance and adjust equity

[Jannick Asmus]

Hi Zhang,

On 10.07.2008 14:09, Zhang Weiwu wrote:
> Hello
> 
> Sorry for my bad English: every year, a transaction has to be done on
> every income / expense account, to adjust it to 0 and adjust equity
> accordingly. This is also the time when we pay some tax based on the
> balance of income and expense. What is such transaction called in GNU cash?
> 
> My dictionary say this is called "carry forward". But I didn't find such
> thing in GNU Cash documents.
> 
> I need the right term for this kind of transaction so that to read GNU
> Cash documents on how to do this.

You might want to have a look at Tools > Closing books. Perhaps this is 
what you are looking for?

> Best regards and thanks in advance.

Best wishes,
J.