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

[Zhang Weiwu]

Derek Atkins wrote:
> hi,
>
> Zhang Weiwu <zhangweiwu at realss.com> writes:
>
>   
>> 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.
>>     
>
> It's called "Closing the books".
>
>   
>> I need the right term for this kind of transaction so that to read GNU
>> Cash documents on how to do this.
>>
>> Best regards and thanks in advance.
>>     
>
> See Tools -> Close Books
>   
Thank you! However in Tools menu there are only 4 items:

    * Price Editor
    * Security Editor
    * Financial calculator
    * General Ledger

So no option for "close books". Using 2.2.1 version. Is closing the
books a new feature?