Year end options
Christopher Lam
christopher.lck at gmail.com
Tue Mar 7 05:49:54 EST 2017
There's no technical guarantee. There's a soft guarantee you can use to
prevent accidental modification of past transactions.
File > Properties > Day Threshold for Read-Only = eg. 365 to prevent you
from modifying txns more than 1 yr ago.
I don't believe it protects the datafile from being modified via its own
features eg Business features, Stock Split etc.
On 7 March 2017 at 16:55, Alain Dormoy <cageda at bbox.fr> wrote:
> The idea is not to carry a ledger going back 8 years.
> Seems a bit cumbersome but if you should tell me that carrying it that way
> is common practice with GC users I guess I'll do it too.
>
> Also it would be useful to have some guarantee that you can't
> inadvertently modify an entry in a year after you closed the book for that
> year. Does GC support that?
>
>
>
>
> De : cageda at bbox.fr
> Date : mardi 7 mars 2017 09:40
> À : cageda
> Objet : Fwd: Re: Re : Fwd: Re: Tr : Year end options
>
>
>
> --
> Envoyé depuis l'application myMail pour Android
>
> -------- Message transféré -------- De : Buddha Buck
> blaisepascal at gmail.com À : Alain Dormoy cageda at bbox.fr Cc :
> gnucash-user at gnucash.org Date : lundi, 06 mars 2017, 01:10PM +01:00 Objet
> : Re: Re : Fwd: Re: Tr : Year end options
>
>
> You cannot delete just the prior entries in the income and expense
> accounts. They are part of transactions involving other accounts, so
> deleting the income entries will either imbalance your books, or make the
> other accounts incorrect.
>
> I am afraid I have lost track of the goal. What are you trying to
> accomplish by deleting older entries?
>
>
>
> On Mon, Mar 6, 2017, 06:58 Alain Dormoy <cageda at bbox.fr> wrote:
>
> Thanks.
>
> I have been "closing my books" on December 31 every year. But
> nevertheless I never deleted the entries of the former years. The reason
> was that by doing that I would only have kept the *balances* of each
> account, not the individual entries into them. I wanted to have the option
> of looking at one of them if the need arose.
>
> To save the individual entries (separate from the "current" ledger) I
> can see two different ways but I'm not sure if and how I can use them:
>
> 1. Before deleting the entries of the former years, save the complete
> file (or files) containing my whole operation since the beginning (What
> file with what extention is that?). Then keep it in a place where it won't
> be changed each time I exit GC.
> Or 2. Change the name of my "company" or "organization" or whatever
> it's called in the English version to "CompanyOLD", then duplicate it (if
> it's possible this is where I need help), call the duplicate "Company" and
> delete the former years in it. From then on work with this "company". If I
> need to look into an old entry just look in "CompanyOLD".
>
> How does all this sound to you?
> TIA for your help.
> Alain
>
>
>
>
>
> De : cageda at bbox.fr
> Date : samedi 4 mars 2017 10:27
> À : cageda
> Objet : Fwd: Re: Tr : Year end options
>
>
>
> --
> Envoyé depuis l'application myMail pour Android
>
> -------- Message transféré -------- De : Buddha Buck
> blaisepascal at gmail.com À : Alain Dormoy cageda at bbox.fr Date : jeudi, 02
> mars 2017, 01:17PM +01:00 Objet : Re: Tr : Year end options
>
>
>
> Hi Ken, Alain,
>
>
> You should be aware of the limitations of the "close the books"
> functionality. What it does is makes a transaction that transfers the
> current (as of date of closing) balance of the income and expense accounts
> to an equity account. This makes the current balance of the income and
> expense accounts 0, so the CoA balance in those accounts is the
> accumulation since the last time the books were closed.
>
>
> What it does not do is remove or lock the older transactions. It is
> still possible, once the "books are closed" on last year, to add new
> transactions, edit old ones, or rerun reports that reference those accounts.
>
>
> Closing the books can also lead to problems with certain reports.
> For instance, the "Income Statement" report computes the change in the
> balance in income and expense accounts between two specified dates -- how
> much did Income::Sales change between January 15th and February 15th, for
> instance. If you have been getting $10K/month in sales for the past 8
> years, it's likely that your Income::Sales balance on Jan15 is about $960K,
> and on Feb15 $970K, for a reported sales income of $10K during that period.
> But if you closed the books on 1st of February, then the same report would
> list a sales income of around $-955K, which is a bit off.
>
>
> Traditionally, the standard accounting practice was to close the
> books at the end of every reporting period, the book-closing transaction
> would serve as the basis of the income statement for that period, and never
> try to do income statements which crossed period boundaries. Some people
> use GnuCash that way; others appreciate the flexibility of being able to
> generate reports between any two dates.
>
>
>
>
>
>
> On Thu, Mar 2, 2017 at 5:13 AM Alain Dormoy <cageda at bbox.fr> wrote:
>
> I am using an old version of GC: 2.4.11.
> I guess I'll also need direction to install the latest version (do
> I have to
> *uninstall* the old one first or do I install the new one over the
> old?)
>
> TIA for your help.
> Alain
>
>
> --------------------------------------------------
> De : "Alain Dormoy" <cageda at bbox.fr>
> Date : jeudi 2 mars 2017 11:08
> À : <kenslists at teksavvy.com>; <gnucash-user at gnucash.org>
> Objet : Re : Year end options
>
> > Hi!
> >
> > Sorry I'm reacting a bit late.
> > This is exactly what I've bean meaning to ask.
> > I've been using GC for 8 years now and I'd like to keep only the
> entries
> > of the current year and say the former or the two former readily
> > available, with all the rest saved separately in a place I can
> access them
> > if (unlikely) I need them.
> > From what you guys are saying it seems GC can do that. Can you
> give the
> > procedure pls?
> >
> > Alain
> > Paris, FR
> >
> >
> > --------------------------------------------------
> > De : "Ken Heard" <kenslists at teksavvy.com>
> > Date : samedi 18 février 2017 14:07
> > À : <gnucash-user at gnucash.org>
> > Objet : Year end options
> >
> >> -----BEGIN PGP SIGNED MESSAGE-----
> >> Hash: SHA1
> >>
> >> 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
> >>
> >> -----BEGIN PGP SIGNATURE-----
> >> Version: GnuPG v2.0.19 (GNU/Linux)
> >>
> >> iEYEARECAAYFAlioRwkACgkQlNlJzOkJmTeCggCeLuGVHXS7iF0GnQ+
> Yl3bTKf51
> >> mZQAnjUXElQ5yO83ZImyjye/wULCn9HN
> >> =Wlr5
> >> -----END PGP SIGNATURE-----
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