[GNC] Modifying the Register

[R Losey]

On Sat, Dec 21, 2024 at 11:12 PM Brook Milligan <brook at nmsu.edu> 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.
>
> Cheers,
> Brook
>

Nice to know that! Thanks!
-- 
_________________________________
Richard Losey
rlosey at gmail.com
Micah 6:8