Closing books

[Yawar Amin]

This has been discussed quite a few times before. In GnuCash, it's _completely unnecessary_ to close books. GnuCash's reports handle multiple periods smoothly without you needing to needing to mark period transitions in any way.

On 2013-01-02, at 21:27, "denis | dcore" <denis at dcore.asia> wrote:

> Hi, just wondering how you guys are closing books at the end of the year. I
> have been using GnuCash for the first year now and will continue doing so.
> 
> Apparently there are a couple ways to do it besides the "closing books"
> function in GnuCash that I read about here:
> 
> http://www.gssezisoft.com/main/index.php/2011/08/22/gnucash-and-end-of-year/
> 
> To me, I probably would prefer starting on a blank accounts list but I
> assume there must be a good reason when using the close books function in
> GnuCash that all the transactions stay in the same file.
> 
> Can somebody enlighten me to what is the bes way to do it? Any
> disadvantages to creating a new file for 2013?
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