[GNC] Why or why not to do year-end closing journal entries? (Close Books?)

Stan Brown (using GC 4.14) stan+gc at fastmail.fm
Mon Dec 4 20:48:42 EST 2023



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

On 2023-12-04 17:29, Eric Chapman wrote:
> Stan,
> 
> Could you please take a screenshot of the down arrow you are talking
> about and attach it? I can't seem to find it.
> 
> Thanks!
> 
> Eric
> 
> On 12/4/23 20:25, Stan Brown wrote:
>> On 2023-12-04 17:07, Eric Chapman wrote:
>>> OK, it looks as if it's just as good not to close the books, if, e.g., I
>>> might want to run an income statement comparing 2022 and 2023.
>>>
>>> However, does that mean that every time I look at the "Accounts" tab I
>>> will see ever-growing amounts that reflect transactions from "Day 1" of
>>> starting to use GnuCash? And, correspondingly, I'll have to run a
>>> current year income statement report to see what I was able to see at a
>>> glance in Year 1? Seems less than ideal, but …
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