I forgot to add that you may not ever need the Retained Earnings account. GnuCash can calculate this figure at any time with an Income Statement (P&L) Report as ’Net Profit/Loss’
If you desire to ‘close the books’ (not necessary) then that amount will get put into a Retained Earnings account and the Income and Expense accounts all zeroed out as a result. If you don’t close the books and want to see your Gain & Loss for a longer period, either run the Income Statement for that period, or run a Balance Sheet Report which will also show Retained Earnings/Losses under the Equity section as a calculation. (rather than reporting a figure from an actual account) Regards, Adrien > On Aug 9, 2019, at 3:17 AM, Frank ter Braak <frankterbr...@gmail.com> wrote: > > Did not have time to rest all in GnuCash but I am very happy with the > discussion and all the suggestions and clearifications. > > One question might help me even further: my old program made structure by > numbering all accounts and keeping record what group or subgroup the entries > are part or if the entry is group itself. > > The only other thing that had to be entered is if the account was a BALANS > account or was part of the 'GAIN & LOSS' (free translation of 'winst en > verlies rekening') account group. > > How would I translate or compare this dichotomy to the way GnuCash is > structured!? > > Are some TYPES considered 'balans' types and all others part of the 'gain & > LOSS' group? > > Vriendelijk groetend, > Frank ter Braak _______________________________________________ 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.
