[GNC] solved: Order of accounts when closing the book

[Michael or Penny Novack]

> Maybe I'm not understanding your point, but my income statement and
> balance sheet aren't distorted in the way you describe. I don't always
> run monthly reports, but just now I ran one for last December and the
> income and expense amounts were as I expected.

This is a matter of WORK FLOW. Different folks using different work 
flows doing year end processing (or other defined periods) will have a 
different experience. So shouldn't try to discuss "distortions" and ways 
around without taking work flow into account. LOL, I used to "babysit"  
year end processing for one of the world's largest "financials" until as 
years went by I made gradual changes to the work flow until human 
intervention to clear bottlenecks* became less and less necessary.

IF you are doing a "close the books", your proper workflow might be 1) 
run P&L and Balance Sheet PRE-CLOSE, 2) make pre close backup Close 3) 
do close the books 4) Rerun Balance Sheet post close 5) make post close 
back-up 6) export all those reports. The reason for the first back-up is 
to make the pre-close P&L and Balance Sheet re-runnable. No distortions 
and everything could be rerun if necessary.

Michael D Novack




* A scheduler can only try by juggling job priorities but not 
necessarily recognize what running job should be boosted (so IT can 
finish and release the resource other jobs need). In other words, the 
scheduler could tell me what resources (files) and I could identify who 
had it (maybe cancel that one and resubmit later, maybe boost it to 
finish faster, etc.)