End of year close book

[David Carlson]

On Monday, 7/8/2013 4:34 AM, Chris Henderson wrote:
> Anyone?
>
>
> On Wed, Jul 3, 2013 at 11:42 AM, Chris Henderson <henders254 at gmail.com>wrote:
>
>> At the moment I can see the Expense over time report by month. If I close
>> the book at the end of year, will I be able to compare expense over time
>> from this year to next year month by month or will it only show report for
>> the next year? If I don't close the book by the end of this year, will
>> expense over time report get bigger and bigger as more years get pile on to
>> it?
>>
>> I am trying to keep my file clutter free but also be able to see records
>> over multiple years to get an assessment on progress.
>>
>> Thanks.
>>
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Chris,
I am not sure why nobody has answered your question yet.  I do not use
the Close book function, but my understanding is that it essentially
just adds closing transactions to income and expense accounts to zero
them out at the end of the business year.  I may be wrong about that.

There is no need to use it to make reports correct as the time interval,
where used, can be set to (almost) whatever you want.  You did mention
the expense over time report which has a known anomaly that it reports
the balances by starting dates rather than ending dates, which is a
little different than standard business reports.

David C