[GNC] Period Ends

[Mike Stillingfleet]

Hi Alan,

Thank you I will look this up.

Regards

Mike

On Fri, Jan 7, 2022, at 10:21 AM, Alan A Holmes wrote:
> 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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-- 
  Mike Stillingfleet
  mikestillingfleet at fastmail.co.uk