undo close books?

[David]

There is no such locking mechanism. That's part of the GnuCash ethos. The developers have stated many times over the years that any such locking mechanism in the electronic realm is optimistic at best and deceivingly misleading at worst.

If you are legally required to demonstrate some sort of locked file, your best bet with GnuCash is probably burning CDs--but keep in mind that they can be compromised as well.

David



_____________________________________________
From: Geoff Jankowski <geoff.jankowski at me.com>
Sent: Thu Oct 03 21:58:55 PDT 2013
To: "gnucash-user at gnucash.org" <gnucash-user at gnucash.org>
Subject: Re: undo close books?


In the UK (and I assume the US) it is standard practice to close off the books at the year end and transfer the balances. Indeed my accountant also makes me lock the accounts so that I cannot change them once this is done. 

The reason is that once the accounts have been submitted to the Authorities they must not be changed and it is really easy to accidentally add an entry that predates the year end cut off which then imbalances the prior year end. Locating these accidental changes can be a nightmare at the following year end which has to start from the same balances agreed with the accountant for the prior year.

I have yet to find a year end locking function on gnu cash but I am still learning it as I transfer my accounts to it. If someone knows where it is, it would save me time trying to find it!




Geoff

Geoff Jankowski
+44 77 70 58 48 38
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+33 5 46 97 13 89
Sent from my iPad

> On 4 Oct 2013, at 01:20, David Carlson <david.carlson.417 at gmail.com> wrote:
> 
>> On 10/3/2013 6:29 PM, David T. wrote:
>> To undo the close books action, locate the transactions (there should be two--one for income and one got expenses), and delete them.
>> 
>> Whether you need to do this is another question you might ask yourself.
>> 
>> David
>> 
>>_____________________________________________

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> 
> What David T. means is that you could ask your accountant why(s)he
> thinks it is necessary to 'close the books.' 
> 
> GnuCash has other tools and methods available, such as several income
> and expense type of reports that can be restricted to only show one year
> of activity, and the ability to create backups (or copies of backups)
> that can be made 'read-only' by the operating system and/or written to
> write-once type of media such as CD-ROM. Many GnuCash users never
> 'close the books.' Very few have seen their files grow so large that
> they suffer a burdensome speed-of-response penalty, even after more than
> a decade.
> 
> David C
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> gnucash-user at gnucash.org
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