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

[Michael or Penny Novack]

On 12/25/2018 1:53 PM, John Ralls wrote:
> That’s pretty much what the GnuCash close books function does. IIRC it’s two transactions, one for income accounts and one for expense accounts.
>
> Regards,
> John Ralls
>
>
As I noted before, were I doing it manually, I would probably use two 
transactions also, because of it being such a PITA to do a two sided 
split. Or three were I going through a temporary "profit and loss" 
account << would add that extra step only if teaching to somebody new to 
gnucash but familiar with old fashioned pen and ink on paper bookkeeping 
since that would be closest to what they were used to seeing.

Michael D Novack

-- 
There is no possibility of social justice on a dead planet except the equality of the grave.