[GNC] Best Practice - Year-End
Mike Brasler
mike at gilana.org
Sun Nov 16 13:14:13 EST 2025
Dear all.
In the past I have created a cumulative income and expense account and
manually journalled every account to zero to end the year, allowing a
zero balance to start the new.
The advantage in this is that "learned" behavior such as expense
allocations are remembered after rollover.
In my previous and much loved accounting system a one button click
rolled over, but post closing journal entries were allowed. (NewAge
Accounting for DOS)
Is there a preferred year-end procedure in GC?
Regards.
Mike.
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