advice please: end of year

[Berni Elbourn]

Hi,

I currently use a spreadsheet for my book keeping but would like to 
switch to Gnu Cash. My tax year ends April 5 so now is a good time to 
start fresh.

However I would like to ask: which is the best way to handle periodic 
accounting periods.

Should I just open up a new set of accounts for each 
month/year/quarter...? What is best practice please?

ta

Berni