[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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