[GNC] Closing books (was Re: Modifying the Register)

[Stan Brown (using GC 4.14)]

On 2024-12-21 21:12, Brook Milligan via gnucash-user wrote:
> 
>> On Dec 21, 2024, at 19:54, R Losey <rlosey at gmail.com> wrote:
>>
>> [As people here have pointed out, the only small drawback is that you
>> generally don't want to have income/expenses on 31 Dec - so that when
>> reports are run, the end of December (or the end of the year) should be set
>> to 30 Dec. If you use 31 Dec, it will include the equity transfer, and the
>> numbers reported will be zero. But I can live with the workaround.]
> 
> This is actually not true, at least for recent releases.  (I’m not sure when this feature was added.)
> 
> For each of your closing entries, i.e., transfers to equity, use consistently a description like “Closing entry”.
> 
> When making the income report, there is an option to define a match to closing entries, which will disregard them and just add up all the others.
It's a good reminder. I remember seeing that feature in 2.6.19, the
first version of GC that I used, way back in 2017. So it's available to
everyone, or nearly everyone, who reads this mailing list.

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