[GNC] Handling of Equity and Retained Earnings

[Christian Lynbech]

Interesting idea, there certainly is a bewildering range of reports to choose from :-)

Alternatively, I could dig into writing my own report, I know scheme fairly well, so I guess that should be doable as well.

/Christian

> Den 21. jan. 2020 kl. 16.47 skrev Christopher Lam <christopher.lck at gmail.com>:
> 
> 
> On Tue, 21 Jan 2020 at 15:39, Christian Lynbech <clynbech at gmail.com <mailto:clynbech at gmail.com>> wrote:
> It does seem as if the balance sheet contains all the information I need, however have I understood it correctly that one only specifies a single date (as opposed to an interval)? In other words, does the balance sheet always produce the accumulated result from the beginning of the book to the selected date? There is another report called Equity Statement that works on periods and while it has the end result, it lacks all of the individual account details that the balance sheet has.
> 
> Try the income statement (aka profit and loss) instead.
> 
> Or try the multicolumn balance-sheet (can display balances at several date) or profit-and-loss instead in the experimental reports menu. Keep exploring ;)
>  
> Somewhat related to this, I am also still struggling to figure out to handle the equity. On the Balance Sheet, I see the equity sum and the result, but the two are not combined. Are there any alternative to closing the book or do some manual transaction to get equity rebalanced?
> 
> Let me try to provide an example.
> 
> In year 1, I put 1000 into the company which is added to the equity sub-account “Founder Deposit”, the company buys a computer for 100 and does some work that pays 200. On the Balance Sheet for year 1, this is listed as equity of 1000 and result (income - expense) of 100. Lets say the company in year 2 also does work that pays 200, how do I handle that year 2 starts with equity of 1100, rather than equity of 1000 and a result of 100? I can move the result to equity by closing the book, but is there any report that takes this into account without actually doing the close?
> 
> Income statement from the beginning of year 2 to the end of year 2. Income statements *don't* contain equity items (someone prove me wrong?).