Mike, If you look back in the archive a few days you will see a discussion title "Closing Books - Pros & Cons", where this has recently been discussed.
Alan A Holmes -----Original Message----- From: gnucash-user <gnucash-user-bounces+gnucash=alanaholmes.me...@gnucash.org> On Behalf Of Mike Stillingfleet Sent: 07 January 2022 09:40 To: gnucash-user@gnucash.org Subject: [GNC] Period Ends Dear All, Several years ago I attempted to close off at end of year and it didn't end well. I am revisiting this topic and trying to work out if there is any benefit to it. 1. My period runs 6/4/xxxx to 5/4/xxxx so on a calander basis therefore I believe I should be choosing relative for period start and period end. 2. I currently have access to all my transactions which is very useful. If I understand the process correctly to maintain access to these transactions I need to create separate files for each year prior to doing the period close. So for future searches I would need to work through several files. 3. If I have set the accounting periods and I have control over the date ranges in other reports I am not clear as to what advantage I gain by closing prior periods. When I used Quicken if I remember correctly closing a period was part of the reconciliation process. However, transactions were not zeroed as far as I remember and so that could still be viewed. Any advice / comment would be welcomed. -- Mike Stillingfleet mikestillingfl...@fastmail.co.uk _______________________________________________ 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.
