Changing to new financial year

[Derek Atkins]

Quoting Mike or Penny Novack <stepbystepfarm at mtdata.com>:

> Ian Pilcher wrote:
>
>> Mike or Penny Novack wrote:
>>
>>> I haven't yet tried out "close the books" so don't know how /if it
>>> records the activity of formal book closing.
>>>
>>
>> It simply creates a couple of transactions which clear all of your
>> income and expense accounts to the chosen equity account.
>>
>>
> Yes, but what DATE does it assign to those transactions?

It assigns the date you specify, and then adds 12 hours to make sure
its the last thing on the day.

> As indicated, I do this without the aid of the "close the books 
> function", know how to specify those transactions myself. But 
> whatever date is used for those transactions has to be kept outside 
> of the reports.

Right...  Unfortunately you're going to get into the situation where
either the previous or the future date range is going to include
the transaction.  In other words, either it appears on 31 December,
or it appears in 1 January.  There's no way to specify a date such
that it will not appear in EITHER.

> Michael

> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.

-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
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