Well, now that I'm dealing with a real accountant to get my taxes done, I
have to produce these accounting reports. How to produce these reports has
been covered already on this list, but to summarize (assuming you have the
standard five accounting categories):
Profit and Loss: ledger bal '/^Revenues|^Expenses/'
Balance sheet: ledger bal '!/^Revenues|^Expenses/'
Here's where having a real accountant comes in. The above produces a
balance sheet that doesn't balance. He expects there to be an
Equity:Retained Earnings account where this year's profits end up in order
to make the whole thing balance. I tried adding an entry:
12/31 Year End
Revenues =$0
Expenses =$0
Equity:Retained Earnings
But that fails if Revenues and Expenses have subcategories, and frankly
they're not useful if they don't. Even if I get rid of subcategories just
to force this, it balances the balance sheet, but it also balances the P&L,
making it look like I made no money last year.
How do others get this to work?
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