Income Statements - 2 questions

[felix.karpfen at gmail.com]

On Jul 13, 2010 8:26pm, Mike or Penny Novack <stepbystepfarm at mtdata.com>  
wrote:
> FireFly wrote:

> --- On Mon, 7/12/10, felix.karpfen at gmail.com felix.karpfen at gmail.com>  
> wrote:

> I closed my books at the end of the

> past financial year and started with zero entries under

> Income and Expenses on 1 July 2010. Out of curiosity, I did

> a trial run of the "Income Statement" report (which worked

> perfectly before closing the books).

> Skipping the rest to the potential problem, what date is your close books  
> transactions recorded on? If recorded as July 1st, then it could be that  
> that is causing all the numbers to be off.

> - James Duerr

> Almost certainly this is the cause,

> GnuCash does not provide the capability of "a date that is not a date" to  
> use for doing the closing. Ideally you want to have a date for this that  
> is AFTER the end of the previous fiscal period but BEFORE the start of  
> the next.

> Two choices:

As indicated in a previous reply, I appear to have stumbled on a third  
choice/tweak that saved the day (change the date of the recorded "splits"  
in the Income and Expenses accounts).

Thank you for the advice.

Felix