Year end procedure...

[FireFly]

--- On Mon, 1/4/10, Mike or Penny Novack <stepbystepfarm at mtdata.com> wrote:

> From: Mike or Penny Novack <stepbystepfarm at mtdata.com>
> Subject: Re: Year end procedure...
> To: "FireFly" <fireflys_98 at yahoo.com>
> Cc: gnucash-user at gnucash.org, "Ken Heard" <ken at heard.name>
> Date: Monday, January 4, 2010, 6:41 AM
> 
> > Out of interest, would this include then (in your
> opinion) clearing all asset account transactions, and
> liability account transactions? I assume so because the
> income/expenses have to be the double side of somewhere.
> Personally I'd rather "waste" the disk space, but I don't
> have a vast number of transactions, so I'm not too concerned
> about the disk space.
> > 
> > 
> > 
> >  
> No, a "close the books" operation does not affect the
> "standing accounts"

Okay, colour me thick, but how is this "done" then, if I removed all income transactions, I'd have a lot of unbalanced transactions in my asset acconuts wouldn't I?


- James Duerr

E-mail: FireFlys_98 at yahoo.com
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