Hi,
Philip Burg <philip_b...@hotmail.com> writes:
> I would like to close my books at the end of my financial year but
> have access to the previous years files, my thoughts were to archive
> the file at the end of the year by backing up to a cd/dvd then start
> afresh with the new financial year. would this be possible. I am using
> windows 10 and Gnucash Version 3.4 Build I.D. 3.4+(2018-12-30)
Archiving old books is always a good idea.
Restarting at the begining of the year, however, is not necessarily is
good idea. Specifically, there is a Close Books feature that zero's out
your Income & Expense accounts into Equity, but it doesn't actually
DELETE any data.
Your other option is to Export the account tree which will create an
empty file and then re-open it. The downside is that you will have to
reset all your opening balances, and if you use any business features
you will need to manually re-enter all that metadata too (customers,
vendors, tax tables, etc). I highly ANTI-recommend this approach.
Personally, I don't do anything. All the reports handle year-end
accounting without doing anything special. I don't mind seeing my
income and expense account balances showing lifetime achievements :)
But that's just me.
Hope this helps,
> Regards
>
> Philip Burg
> Please remember to CC this list on all your replies.
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-derek
--
Derek Atkins 617-623-3745
de...@ihtfp.com www.ihtfp.com
Computer and Internet Security Consultant
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