Income Statements - 2 questions

[felix.karpfen at gmail.com]

On Jul 15, 2010 3:06am, Mike or Penny Novack <stepbystepfarm at mtdata.com>  
wrote:


> Using 30 June / 1 July is a bit harder

> Could somebody familiar with using export/import accounts describe what  
> that does?

And please cc to me when posting the description.

My (tax) financial year ends on 30 June; and both 30 June and 1 July are  
normal business days.

gnucash's "export/import accounts" is still foreign territory to me (a new  
user). Here is what I did:

I saved my accounts as a different file (as a record for the past financial  
year) and then "closed books". I must have done that on 1 July. The net  
result was that all "income" and "expense" entries were set to zero  
in "Accounts" by adding a "minus" entry to each income/expense item that  
had a non-zero entry on 30 June. These minus entries were duly notified in  
my "test income statement".

If there is a <better|correct> way of starting a new set of books, I would  
be grateful to be told.

Felix