Year end options

[Ken Heard]

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On 2017-02-18 18:40, Mike or Penny Novack wrote:
> On 2/18/2017 4:53 AM, Ken Heard wrote:
> 
>> GnuCash does not have an annual transfer of balances in revenue
>> and expense accounts to a profit and loss account.  If it did
>> these accounts could be safely deleted.
>> 
> It does if you want it to. Just because most of us are not doing a 
> "close the books" operation does not mean that gnucash does not
> support this << either manually** or with the built in "close"
> facility >>

Thank you, I was not aware of that feature, or if I had been I
completely forgot about it -- likely at my age.  Using it one could
save the whole ledger year by year, and "close the books" every 1st
January.  In this way the the current year working ledger would not
grow too big, and so simplify its backup.  Closed years showing the
state of the ledger as of every 31st December would always be
available if needed.

Regards, Ken Heard

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