[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

[Stan Brown]

> On 4/7/23 9:21 PM, Stan Brown wrote:
>> I close my books each year so that the balances in my income and
>> expense accounts will be totals for the current year only. If I had
>> to redo prior-year reports or some reason it would be slightly
>> awkward; but that's minor against the convenience (for me) of being
>> able to see year-to-date income in the Accounts page and in the
>> registers of the individual accounts. That's faster than pulling a
>> report, at least for me.
On 2023-04-08 10:12, Adrien Monteleone wrote:
> I'm certainly not trying to convince anyone of any procedure, but for
> those interested, what you describe about the Accounts page without
> running a report is achievable without closing the books.
> 
> Adding the column 'Total (period)' to the Accounts page will show only
> the current accounting period (by default 'this year') totals for
> Expenses & Income.
> 
> Of course, the balance in the account register is still from the
> beginning of the book in that case. (as is the default 'Total' column on
> the Accounts tab)

Interesting. The only customization of the Accounts page I'd ever done,
till reading your note, was adding to Account Code column.

Out of curiosity I tried Total (period) as you mentioned. Of course in
my case, since I closed the books at the end of 2022, the total (period)
and total columns are the same for income and expenses. But they are
_not_ the same for assets, liabilities, and equity. This is a nice way
to make the current year's change in those accounts visible.

Stan Brown
Tehachapi, CA, USA
https://BrownMath.com