The other issue is the fact not really how traditional accounting
would do this. More usual is a temporary equity account (receiving
total income and total expenses) which is then closed to retained
equity with a single entry, either gain or loss for the year (thus
making it clear
Quoting Mike or Penny Novack [EMAIL PROTECTED]:
The result you have is two transactions, one representing total
income and one representing total expenses. But the absolute
magnitude of these two amounts is of little interest while the
difference between them and especially the sense of
Hi,
I decided to spend some time this weekend on a simple dialog to
help you zero-ize your income and expense accounts. I've come
up with a dialog that effective looks like this (please excuse the
ASCII Art but I don't want to have to write the code to actually
fill in the dialog yet):
Derek Atkins wrote:
Hi,
I decided to spend some time this weekend on a simple dialog to
help you zero-ize your income and expense accounts. I've come
up with a dialog that effective looks like this (please excuse the
ASCII Art but I don't want to have to write the code to actually
fill in
Quoting Phil Longstaff [EMAIL PROTECTED]:
The Income Statement report has an option allowing you to specify the
closing entries pattern. You may want to allow the transaction
description to be set in your dialog box so that it can match any
currently existing closing transactions.
Ah, yes,
Ah, yes, a Description for the transaction. Good point! Thanks,
I'll go add that.
Anything else
-derek
The date for which the closing takes place should be a user set variable
(OK to have it default to 12/31/current year).
a) You don't know the FISCAL calendar of your users. Not
Hi,
Quoting Mike or Penny Novack [EMAIL PROTECTED]:
Ah, yes, a Description for the transaction. Good point! Thanks,
I'll go add that.
Anything else
-derek
The date for which the closing takes place should be a user set
variable (OK to have it default to 12/31/current year).
You