[GNC] Period Ends

[Jesse MacDougall]

Thanks for clarifying that Gyle.
Interesting. Yes definitely never post to past periods.  Move forward.


On Fri, Jan 7, 2022 at 8:07 AM Gyle McCollam <gmccollam at live.com> wrote:

> Jesse, Unfortunately, Gnucash does let you post to closed periods.  This
> will mess up the closing entry, which will need to be adjusted.  I agree
> you shouldn't post to closed periods, however the program does allow and
> doesn't warn if you do it.
>
> Thank You,
> *Gyle McCollam*
>
> Gyle McCollam
>
> 609.680.2326                     Mobile
>
> gmccollam at live.com <gmccollam at gyleshomes.com>           email
> ------------------------------
> *From:* gnucash-user <gnucash-user-bounces+gylemc=gmail.com at gnucash.org>
> on behalf of Jesse MacDougall <macdougall.jesse at gmail.com>
> *Sent:* Friday, January 7, 2022 10:49 AM
> *To:* Mike Stillingfleet <mikestillingfleet at fastmail.co.uk>
> *Cc:* gnucash-user at gnucash.org <gnucash-user at gnucash.org>
> *Subject:* Re: [GNC] Period Ends
>
> 2) all your data goes in one file KISS
>
> Period ends are for security so that entries can not be posted to once
> period end processes are complete. For example in public accounting we
> close off year end files once our year end work is complete. All statements
> match bank account and. credit cards there the file is complete
>
> Another reason for year end close is so someone doesn't go back and make
> changes to work we already concluded is complete.
>
> On Fri., Jan. 7, 2022, 01:41 Mike Stillingfleet, <
> mikestillingfleet at fastmail.co.uk> wrote:
>
> > 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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