Thanks for clarifying that Gyle. Interesting. Yes definitely never post to past periods. Move forward.
On Fri, Jan 7, 2022 at 8:07 AM Gyle McCollam <gmccol...@live.com> wrote: > Jesse, Unfortunately, Gnucash does let you post to closed periods. This > will mess up the closing entry, which will need to be adjusted. I agree > you shouldn't post to closed periods, however the program does allow and > doesn't warn if you do it. > > Thank You, > *Gyle McCollam* > > Gyle McCollam > > 609.680.2326 Mobile > > gmccol...@live.com <gmccol...@gyleshomes.com> email > ------------------------------ > *From:* gnucash-user <gnucash-user-bounces+gylemc=gmail....@gnucash.org> > on behalf of Jesse MacDougall <macdougall.je...@gmail.com> > *Sent:* Friday, January 7, 2022 10:49 AM > *To:* Mike Stillingfleet <mikestillingfl...@fastmail.co.uk> > *Cc:* gnucash-user@gnucash.org <gnucash-user@gnucash.org> > *Subject:* Re: [GNC] Period Ends > > 2) all your data goes in one file KISS > > Period ends are for security so that entries can not be posted to once > period end processes are complete. For example in public accounting we > close off year end files once our year end work is complete. All statements > match bank account and. credit cards there the file is complete > > Another reason for year end close is so someone doesn't go back and make > changes to work we already concluded is complete. > > On Fri., Jan. 7, 2022, 01:41 Mike Stillingfleet, < > mikestillingfl...@fastmail.co.uk> wrote: > > > 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. > -- * Please consider adding jesse@macdougall.ninja to your address book. This will be my new address. This gmail address is being retired. _______________________________________________ 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.