[GNC] How to run Year End Procedures for the Tax Year (UK end 5 April 2023), and start new Data set for the New Tax Year starting 6 April 2023

[Michael or Penny Novack]

On 4/7/2023 10:58 AM, Gyle McCollam wrote:
> 1st , you should run your yearend reports before you "Close" and if you need to rerun at some future point, you could just delete the "closing" entries and rerun any reports then reclose after.  As for not closing, when you run reports for the next fiscal year you would use the start date of that year as the starting date for the new reports.  Either way, you can get what you need, the choice is yours.
>
IF you make and save backups (of the data on your computer) you should 
not have to "undo" closing to later go back.

You presumably should have (good idea) made a back-up of the file right 
after the YE reports and before the "close". You give that file a name 
that means you can always correctly identify it --- say 
BooksYE3023.gnucash.  << my file name for the "books" would probably 
change each year --- so it would be perhaps Books2023.gnucash and after 
the close I'd rename it Books2024 >>

The point is, if you ever want to look at the books in their state prior 
to the 2023 close you don't undo anything. Instead you retrieve the 
back-up and open a copy of that.


Michael D Novack