Cash Book

[Geert Janssens]

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On Tuesday 16 December 2014 22:07:38 Chris Bester wrote:
> Hi Geert
> 
> 
> 
> Got it, thanks a million.
> 
> 
> 
> One further question; in gnucash the opening  balance on the balance
> sheet reflects the opening balance when the books were originally
> started and is continuously carried forward.  In my country auditors
> require that books are ended off every financial year  and that the
> new financial year starts with the closing balance of the previous
> year.
> 
I don't know the accounting rules of you country. And I never used the balance sheet in 
GnuCash myself. Perhaps others can give you some advice here.

What I can say is that gnucash does have a feature to close the books at the end of the year. 
However I have seen conversations in the past that this isn't really necessary. Again I'll have 
to leave it to others to provide more insight.

Best regards,

Geert