Closing Out 2013
Parker Jones
zoubidoo at hotmail.com
Thu Jan 2 10:36:56 EST 2014
> From: warlord at MIT.EDU
> Note that there is not requirement that you Close the Books. Indeed,
> all this does is zeroize your Income and Expense accounts, rolling them
> up into Equity. The reports can do that for you already, so all it
> really does is fix up the Chart of Accounts for you to show you
> year-to-date totals.
>
> One thing it does NOT do is prevent you from entering transactions in
> the past.
It has happened several times that I've added a transaction and inadvertently entered the wrong date, somewhere in the past. Since there is no undo function, I've had to hunt down the transaction which was a waste of time. Does this only happen to me?
I wonder whether the ability to lock previous years, prohibiting changes in the past, is a feature anybody else would appreciate? Or at least, a pop-up saying "You are about to add a transaction to a previous year, are you sure Y/N?"
P. Jones
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