Old Assets / Liabilities

[Ian Miller]

Michael DeBusk wrote:
> On 02/04/2010 11:43 AM, Ian Miller wrote:
> 
>> Just wondering what is the preferred method for retaining data about
>> old assets and liabilities (e.g. loans that have been paid off, or
>> credit cards that you no longer have)?
> 
> After the account is effectively closed, I mark it as read-only
> ("placeholder"). After I close my books for the year, I mark it as
> hidden. It stays where it is, but I can't change it or see it.
> 

Thanks, that does seem neater than what I was doing!

cheers,
ian