You don’t enter Net Income directly. You enter all of the revenue transactions and all of the expense transactions.
Gnucash does the math when you run the P&L (Income Statement) Report. Regards, Adrien > On Mar 6, 2018, at 9:13 AM, jcnw <jwilsondmar...@gmail.com> wrote: > > I am setting up a set of books for a small church and need to run a month > profit and loss report. > How do I enter the Net Income for the Period into the books so it shows up > in the balance sheet? > I have set up the books with Income, Expense, Asset and Liability accounts. > Do I need to set up a P&L account. > Thanks for help and consideration > John > > > > -- > Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.