On Wed., 26 Dec. 2018, 02:55 John Ralls <jra...@ceridwen.us wrote: > > > > On Dec 25, 2018, at 9:08 AM, Michael or Penny Novack < > stepbystepf...@comcast.net> wrote: > > > > On 12/25/2018 4:45 AM, Colin Law wrote: > >> You could be right though, perhaps the Close > >> Books feature built into the s/w does what she wants. > >> > >> Colin > >> > > Because I don't use it, I don't know what gnucash's "close the books" > actually does BUT what I described (entering a giant split transaction that > zeroed out all the income and expense accounts into equity with the entry > in equity being the net gain or loss) is what the MANUAL process would be. > Doing it manually (with one or two* giant splits) would be a PITA. > > > > Michael D Novack > > > > * so split just one one side, two way splits are their own PITA > > That’s pretty much what the GnuCash close books function does. IIRC it’s > two transactions, one for income accounts and one for expense accounts. >
It is also a special transaction which has a KVP flag to mark it a closing transaction, and the posted date is made to be end-of-day rather than midday to ensure correct order in reports and register. There's no other special formula associated with a closing transaction. > _______________________________________________ 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.
