[GNC] Period Ends

[Alan A Holmes]

Mike,

If you look back in the archive a few days you will see a discussion title
"Closing Books - Pros & Cons", where this has recently been discussed.


Alan A Holmes

-----Original Message-----
From: gnucash-user
<gnucash-user-bounces+gnucash=alanaholmes.me.uk at gnucash.org> On Behalf Of
Mike Stillingfleet
Sent: 07 January 2022 09:40
To: gnucash-user at gnucash.org
Subject: [GNC] Period Ends

Dear All,

Several years ago I attempted to close off at end of year and it didn't end
well.

I am revisiting this topic and trying to work out if there is any benefit to
it.

1. My period runs 6/4/xxxx to 5/4/xxxx so on a calander basis therefore I
believe I should be choosing relative for period start and period end.

2. I currently have access to all my transactions which is very useful. If I
understand the process correctly to maintain access to these transactions I
need to create separate files for each year prior to doing the period close.
So for future searches I would need to work through several files.

3. If I have set the accounting periods and I have control over the date
ranges in other reports I am not clear as to what advantage I gain by
closing prior periods. When I used Quicken if I remember correctly closing a
period was part of the reconciliation process. However, transactions were
not zeroed as far as I remember and so that could still be viewed.

Any advice / comment would be welcomed. 

-- 
  Mike Stillingfleet
  mikestillingfleet at fastmail.co.uk
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