Balance Forward from previous year and closing books

[Maf. King]

Hi,

When I send my accountant the year-end reports, they have always been through 
LibreOffice where I can combine different bits of GC reports into the form 
that he is happy with.

HTH,
Maf.


On Wed 21 May 14 14:06:02 Theresa wrote:
> Thank you Michael.  I was able to print a beautiful transaction report that
> I'm sure would be OK for any other accountant but mine.  She wants the
> report to show a Balance Forward from the previous year.  Is that possible
> with this report?
> 
> Also, I tried to close the books as you suggested - first I made a copy,
> then tried to close as of our close date, but the file didn't appear to
> change.  Also, I was confused by the options to choose Equity, Equity
> Opening Balances, Equity Retained Earnings or New.  Where can I learn more
> about those settings/options?
> 
> Thanks again,
> 
> Theresa
> 
> -----Original Message-----
> From: Mike or Penny Novack [mailto:stepbystepfarm at mtdata.com]
> Sent: Saturday, May 17, 2014 6:45 PM
> To: Theresa
> Cc: gnucash-user at gnucash.org
> Subject: Re: General Ledger Dump and Year End Closing
> 
> 
> The report you are looking for goes by the gnucash name "transaction
> report". Set the start and end dates for the year you want (and yes, in
> does monthly totals)
> 
> >2.  How does one "close the books for the year"?
> >Thanks in advance for any input you can give.  Theresa
> 
> You don't actually have to do this as gnucash can produce the necessary
> report without. But if you accountant does want you to do this (and it
> can be nice when the balances shown for the (temporary) income and
> expense accounts are JUST the balance of transactions for the current
> period) you can use the "close the books feature". That you didn't do it
> yet (for last year) isn't a problem as you can set the date (close as of
> date X).
> 
> What I usually do IF what one of my organizations wants this is FIRST
> make a (backup) copy of the books after all the transactions for the
> prior year are in, then close the books (as of that same last dater) and
> rename the file for the coming year. That's what I do in the LOGICAL
> sense because I actually do the reverse. That's because the current file
> already had the right year name. So I make a copy named for the new year
> and close that (before entering any transactions of that new year). Can
> be a bit more involved, first make sure all the EXTERNAL transactions of
> the prior year have been entered, then enter the INTERNAL adjusting
> entries (like depreciation, etc.), then make the copy that will be the
> new year's books and run the close operation on that << please note, I
> have never actually used the built in gnucash "close the books", doing
> it the old fashioned way instead (manually) as that forces me to see all
> the accounts and I can decide if they will still be in use the following
> year >>
> 
> Michael D Novack.
> 
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-- 
Maf. King
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