[GNC] Basic Question (I hope) - End of Year Procedure

[Colin Law]

On Mon, 24 Dec 2018 at 22:39, Michael or Penny Novack
<stepbystepfarm at comcast.net> wrote:
>
> On 12/24/2018 3:45 PM, Colin Law wrote:
>
> > I don't do this, for me there is no point. It is possible to view or
> > report on only transactions within a date range if one wants so I
> > don't see the advantage of closing the books.  If you do then you
> > loose easy access to the history, so for example when the dishwasher
> > fails and you think when and where did I buy that then you cannot
> > immediately find out.  I now have 18 years of personal accounts
> > history immediately accessible.
> Misunderstanding of what  "close the books" does?

Thanks for that clarification, though I was also unclear on exactly
what the OP is asking for, which was to zero all the accounts for the
new year.  I thought she meant that she wanted to start from a
completely empty account file (the technique for which is described in
the wiki link posted, along with the technique to just zero the income
and expenses accounts).  You could be right though, perhaps the Close
Books feature built into the s/w does what she wants.

Colin