Re: [GNC] Basic Question (I hope) - End of Year Procedure
On 12/28/18 6:08 AM, Jennym wrote: Thanks Stephen, Not sure what 'the GnC method' but thanks for your suggestions. Think I now have my head around my 'problem'. GnC method lets you ignore the close accounts step as it knows about the accounting period (you did set that up) and that Income and Expense accounts start over automatically -- even if you have prior year's transactions in them. The only advantage I see to running the close books transaction is that it books the retained earnings to the account(s) you want rather than just showing it as an accumulated retained earnings on the Balance Sheet report. The downside is if you ever have to make adjustments to prior year's activity you will need to either adjust the two close books transactions or delete them and re-close that year. I did that for my business. Think I'll not do that for my personal finances. -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ 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. -- Stephen M Butler, PMP, PSM stephen.m.butle...@gmail.com kg...@arrl.net 253-350-0166 --- GnuPG Fingerprint: 8A25 9726 D439 758D D846 E5D4 282A 5477 0385 81D8 ___ 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.
Re: [GNC] Basic Question (I hope) - End of Year Procedure
Thank you for your help, Michael. The system automatically has been creating backups, in my ignorance, I now see the files as running logs, and the actual file is .gnucash. I've now corrected this thinking, copying the .gnucash file to Google Drive for backup. Thanks for pointing me towards the right path, I've now got my head around the file structure, which was something I was scared of in case I messed up the register or something. -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ 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.
Re: [GNC] Basic Question (I hope) - End of Year Procedure
Thank you David, you're right, I don't need to 'close the books' as the accounts are only for assessing where my personal expenditure is going, and keeping track of 'cash-flow'. I hadn't thought about 'reports.' I've now discovered how to set date parameters to produce a report, and when the report is displayed on the screen, it's easy to cut and paste info into an excel file to keep for 'prosperity' and playing around with budgets. I had in the past tried to export an account into a format for Excel. But failed several times, the above 'cut and paste' have worked well. Thank you for the links, they're invaluable to understanding how GnuCash works. At this point in time, I'm still getting my head around the info. -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ 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.
Re: [GNC] Basic Question (I hope) - End of Year Procedure
On 12/27/2018 7:31 PM, David Cousens wrote: This was why accountants introduced an artificial 13th month into the financial year so that all closing transactions were forced to occur fater any other transaction that occurred within the year. Any required adjustments to the accounts are also usually carried out before the closing transactions for the same reason. Or increased the number of days in December past 31 or otherwise provided for dates that were not fiscal dates for external transactions << that's what where I spent my working days did >> However that sort of thing not so easy these days when using software that checks the validity of dates and doesn't know about "special dates" . When it is your own "date validity checker" written in house, more practical. HOWEVER --- there ARE ways around this difficulty for those of us using gnucash, WORK FLOW solutions. After the last external transaction, copy the file to a name like "last external". Then do the internal transactions that DO affect income expenses (like recording depreciation) and again make a copy. Now you can do the "close" transaction(s) and make a copy "post close". IF there are "adjustment" transactions to be entered, do them and again make a copy you name for the next year or simply copy "post close" to that. Michael D Novack ___ 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.
Re: [GNC] Basic Question (I hope) - End of Year Procedure
Thanks Colin, will now religiously back up, now I've taken the time to work it out. -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ 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.
Re: [GNC] Basic Question (I hope) - End of Year Procedure
It is unfortunate that the original poster has not considered it appropriate to respond to the help offered here. Colin On Mon, 24 Dec 2018 at 05:03, Jennym <55.jennifer.mas...@gmail.com> wrote: > > Hi > > I only started using GNUCash last April for simple, personal accounting, so > I'm at the 'basic' stage. I'm using it with: > > a) Current bank account > b) Two credit card accounts > c) Personal Wallet > d) Three income accounts > e) Normal household accounts > f) Budgeting (manually entered, not automatic via the system) > > So what I'd like to do: Retain all of 2018 accounts (having them to hand > for easy access), but have them zeroed for 2019. > > My worry is that if I do anything wrong, there's no historical 'undo' button > to backtrack. > > Would really appreciate any advice. (Basic of course). Thank you > > > > > > > > > -- > Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html > ___ > 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.
Re: [GNC] Basic Question (I hope) - End of Year Procedure
Stan, The easiest way to achieve that would be to manually perform the closing transactions rather than use the inbuilt procedure, then they are just ordinary transactionsand won't have the KVP pair in them. For closing transactions, they should always appear after any other transaction for the period being closed so that the transferred balances represent the true state of the accounts at the end of the period. This was why accountants introduced an artificial 13th month into the financial year so that all closing transactions were forced to occur fater any other transaction that occurred within the year. Any required adjustments to the accounts are also usually carried out before the closing transactions for the same reason. A list of key value pairs is a data structure that is part of each transaction record. It allows arbitrary data to be added to the main data structure (the transaction) without requiring that structure to be redefined throughout the code. Only the code for processing the data in the KVP needs to be added to the code base to add features requiring new data not previously stored. The facilities for extracting it and adding it are a part of the original transaction data structure. The KVP is also used in other data structures within GnuCash for the same purpose. David Cousens - David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ 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.
Re: [GNC] Basic Question (I hope) - End of Year Procedure
Date: Wed, 26 Dec 2018 09:27:48 +0800 From: Christopher Lam Subject: Re: [GNC] Basic Question (I hope) - End of Year Procedure About GnuCash's "close the books" pair of transactions, you wrote: > It is also a special transaction which has a KVP flag to mark it a closing > transaction, and the posted date is made to be end-of-day rather than > midday to ensure correct order in reports and register. > > There's no other special formula associated with a closing transaction. I'm not sure what a KVP flag is, but that end-of-day setting explains why the transaction number is ignored. (After closing the books on the ordinary income and expenses accounts, I fold the special equity accounts lie Extraordinary Income and Gain or Loss on Investments into the main Equity account.) How can I strip the end-of-day setting off of the closing transactions, so that they wil fall in the proper order with other transactions ased on transaction number within date? -- Stan Brown the_stan_br...@fastmail.fm https://BrownMath.com http://OakRoadSystems.com/ ___ 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.
Re: [GNC] Basic Question (I hope) - End of Year Procedure
On 12/25/2018 1:53 PM, John Ralls wrote: That’s pretty much what the GnuCash close books function does. IIRC it’s two transactions, one for income accounts and one for expense accounts. Regards, John Ralls As I noted before, were I doing it manually, I would probably use two transactions also, because of it being such a PITA to do a two sided split. Or three were I going through a temporary "profit and loss" account << would add that extra step only if teaching to somebody new to gnucash but familiar with old fashioned pen and ink on paper bookkeeping since that would be closest to what they were used to seeing. Michael D Novack -- There is no possibility of social justice on a dead planet except the equality of the grave. ___ 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.
Re: [GNC] Basic Question (I hope) - End of Year Procedure
On Wed., 26 Dec. 2018, 02:55 John Ralls > > > On Dec 25, 2018, at 9:08 AM, Michael or Penny Novack < > stepbystepf...@comcast.net> wrote: > > > > On 12/25/2018 4:45 AM, Colin Law wrote: > >> You could be right though, perhaps the Close > >> Books feature built into the s/w does what she wants. > >> > >> Colin > >> > > Because I don't use it, I don't know what gnucash's "close the books" > actually does BUT what I described (entering a giant split transaction that > zeroed out all the income and expense accounts into equity with the entry > in equity being the net gain or loss) is what the MANUAL process would be. > Doing it manually (with one or two* giant splits) would be a PITA. > > > > Michael D Novack > > > > * so split just one one side, two way splits are their own PITA > > That’s pretty much what the GnuCash close books function does. IIRC it’s > two transactions, one for income accounts and one for expense accounts. > It is also a special transaction which has a KVP flag to mark it a closing transaction, and the posted date is made to be end-of-day rather than midday to ensure correct order in reports and register. There's no other special formula associated with a closing transaction. > ___ 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.
Re: [GNC] Basic Question (I hope) - End of Year Procedure
On 12/25/18 10:53 AM, John Ralls wrote: On Dec 25, 2018, at 9:08 AM, Michael or Penny Novack wrote: On 12/25/2018 4:45 AM, Colin Law wrote: You could be right though, perhaps the Close Books feature built into the s/w does what she wants. Colin Because I don't use it, I don't know what gnucash's "close the books" actually does BUT what I described (entering a giant split transaction that zeroed out all the income and expense accounts into equity with the entry in equity being the net gain or loss) is what the MANUAL process would be. Doing it manually (with one or two* giant splits) would be a PITA. Michael D Novack * so split just one one side, two way splits are their own PITA That’s pretty much what the GnuCash close books function does. IIRC it’s two transactions, one for income accounts and one for expense accounts. Regards, John Ralls Correct. I've used it solely to book those two transactions to an annual (new one yearly) "retained earnings" account. -- Stephen M Butler, PMP, PSM stephen.m.butle...@gmail.com kg...@arrl.net 253-350-0166 --- GnuPG Fingerprint: 8A25 9726 D439 758D D846 E5D4 282A 5477 0385 81D8 ___ 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.
Re: [GNC] Basic Question (I hope) - End of Year Procedure
> On Dec 25, 2018, at 9:08 AM, Michael or Penny Novack > wrote: > > On 12/25/2018 4:45 AM, Colin Law wrote: >> You could be right though, perhaps the Close >> Books feature built into the s/w does what she wants. >> >> Colin >> > Because I don't use it, I don't know what gnucash's "close the books" > actually does BUT what I described (entering a giant split transaction that > zeroed out all the income and expense accounts into equity with the entry in > equity being the net gain or loss) is what the MANUAL process would be. Doing > it manually (with one or two* giant splits) would be a PITA. > > Michael D Novack > > * so split just one one side, two way splits are their own PITA That’s pretty much what the GnuCash close books function does. IIRC it’s two transactions, one for income accounts and one for expense accounts. Regards, John Ralls ___ 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.
Re: [GNC] Basic Question (I hope) - End of Year Procedure
On 12/25/2018 4:45 AM, Colin Law wrote: You could be right though, perhaps the Close Books feature built into the s/w does what she wants. Colin Because I don't use it, I don't know what gnucash's "close the books" actually does BUT what I described (entering a giant split transaction that zeroed out all the income and expense accounts into equity with the entry in equity being the net gain or loss) is what the MANUAL process would be. Doing it manually (with one or two* giant splits) would be a PITA. Michael D Novack * so split just one one side, two way splits are their own PITA -- There is no possibility of social justice on a dead planet except the equality of the grave. ___ 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.
Re: [GNC] Basic Question (I hope) - End of Year Procedure
On Mon, 24 Dec 2018 at 22:39, Michael or Penny Novack wrote: > > On 12/24/2018 3:45 PM, Colin Law wrote: > > > I don't do this, for me there is no point. It is possible to view or > > report on only transactions within a date range if one wants so I > > don't see the advantage of closing the books. If you do then you > > loose easy access to the history, so for example when the dishwasher > > fails and you think when and where did I buy that then you cannot > > immediately find out. I now have 18 years of personal accounts > > history immediately accessible. > Misunderstanding of what "close the books" does? Thanks for that clarification, though I was also unclear on exactly what the OP is asking for, which was to zero all the accounts for the new year. I thought she meant that she wanted to start from a completely empty account file (the technique for which is described in the wiki link posted, along with the technique to just zero the income and expenses accounts). You could be right though, perhaps the Close Books feature built into the s/w does what she wants. Colin ___ 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.
Re: [GNC] Basic Question (I hope) - End of Year Procedure
On 12/24/2018 3:45 PM, Colin Law wrote: I don't do this, for me there is no point. It is possible to view or report on only transactions within a date range if one wants so I don't see the advantage of closing the books. If you do then you loose easy access to the history, so for example when the dishwasher fails and you think when and where did I buy that then you cannot immediately find out. I now have 18 years of personal accounts history immediately accessible. Misunderstanding of what "close the books" does? It doesn't existing transactions in the "temporary" income and expense accounts. Assuming that it is implemented approximating the traditional process, it enters a giant split transaction that closes (brings the balance to zero) for all of these accounts with whatever is necessary going to equity as the gain or loss for the period. In the old days, that was by moving through another temporary account called "profit and loss" (all the income and expense accounts closed to this account) which was then closed to equity by the gain or loss amount. Since gnucash can produce the report without this step (the "profit and loss" account served as the report back then) there is no need to close the books. Michael D Novack ___ 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.
Re: [GNC] Basic Question (I hope) - End of Year Procedure
On Mon, 24 Dec 2018 at 05:03, Jennym <55.jennifer.mas...@gmail.com> wrote: > ... > So what I'd like to do: Retain all of 2018 accounts (having them to hand > for easy access), but have them zeroed for 2019. I don't do this, for me there is no point. It is possible to view or report on only transactions within a date range if one wants so I don't see the advantage of closing the books. If you do then you loose easy access to the history, so for example when the dishwasher fails and you think when and where did I buy that then you cannot immediately find out. I now have 18 years of personal accounts history immediately accessible. > My worry is that if I do anything wrong, there's no historical 'undo' button > to backtrack. If you do decide to do it then as others have pointed out, if you mess things up then you can always go back to your previous backup. If you don't take regular backups then start doing so immediately. Your disk drive or PC may go up in smoke, literally or metaphorically, at any time and the accounts file may be irretrievably lost. Colin ___ 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.
Re: [GNC] Basic Question (I hope) - End of Year Procedure
On 12/24/18 7:13 AM, Michael or Penny Novack wrote: On 12/24/2018 4:22 AM, David Cousens wrote: Jenny As well as the wiki that David T mentioned the help manual also has a section on closing the books: I will add something to this because of your "no magic undo button" There sort of is. You can always make a copy of a file before you do some irrevocable change (this of course doesn't apply just to gnucash files) Even if you do not ordinarily make backup copies of your books, especially if you are going to do a "close the books" operation, I suggest a backup copy before this operation and after (represents the state of the file at the start of the next year) Michael D Novack There is another option if you are using the GnC method that simply writes a set of transactions that zero out the Income and Expense items and places the opposing entry in the appropriate location chosen by the user. You can simply delete those two transactions and the books are magically no longer closed. I found that out when I used that option to close a series of years one after the other only to discover I'd messed up on an entry on year 1. I simply removed the closing transactions for that year, made the appropriate changes, and redid the close for that year. Note: You don't really have to close the books for each year and GnC will keep track of things for you. But, I wanted to have a set of Equity accounts showing the retained earnings for each year. After all that hard work, my wife indicated it wasn't really necessary. <> -- Stephen M Butler, PMP, PSM stephen.m.butle...@gmail.com kg...@arrl.net 253-350-0166 --- GnuPG Fingerprint: 8A25 9726 D439 758D D846 E5D4 282A 5477 0385 81D8 ___ 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.
Re: [GNC] Basic Question (I hope) - End of Year Procedure
On 12/24/2018 4:22 AM, David Cousens wrote: Jenny As well as the wiki that David T mentioned the help manual also has a section on closing the books: I will add something to this because of your "no magic undo button" There sort of is. You can always make a copy of a file before you do some irrevocable change (this of course doesn't apply just to gnucash files) Even if you do not ordinarily make backup copies of your books, especially if you are going to do a "close the books" operation, I suggest a backup copy before this operation and after (represents the state of the file at the start of the next year) Michael D Novack ___ 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.
Re: [GNC] Basic Question (I hope) - End of Year Procedure
Jenny As well as the wiki that David T mentioned the help manual also has a section on closing the books: https://www.gnucash.org/docs/v3/C/gnucash-help/tool-close-book.html and the wiki: https://wiki.gnucash.org/wiki/Closing_Books . Gnucash's report structure is also capable of preparing standard end of year type reports without having to perform a formal closing of the books as per standard accounting practice. The main function in a business is to transfer the profit into equity in the case of a business and deal with tax and other matters which might depend upon the profit for the period. For personal accounts this may not really be necessary. David Cousens - David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ 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.
Re: [GNC] Basic Question (I hope) - End of Year Procedure
Apologies. My mail program ate the link. wiki.gnucash.org/wiki/Closing_Books On Mon, Dec 24, 2018 at 13:46, David T. via gnucash-user wrote: Hello, Welcome to gnucash, if rather belatedly. Your question is one that comes up at this time of the year, and can generate quite a bit of responses. You should definitely read the wiki page on this subject: Closing Books - GnuCash | | | | | | | | | | | Closing Books - GnuCash | | | | Best,David On Mon, Dec 24, 2018 at 10:32, Jennym<55.jennifer.mas...@gmail.com> wrote: Hi I only started using GNUCash last April for simple, personal accounting, so I'm at the 'basic' stage. I'm using it with: a) Current bank account b) Two credit card accounts c) Personal Wallet d) Three income accounts e) Normal household accounts f) Budgeting (manually entered, not automatic via the system) So what I'd like to do: Retain all of 2018 accounts (having them to hand for easy access), but have them zeroed for 2019. My worry is that if I do anything wrong, there's no historical 'undo' button to backtrack. Would really appreciate any advice. (Basic of course). Thank you -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ 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. ___ 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.
Re: [GNC] Basic Question (I hope) - End of Year Procedure
Hello, Welcome to gnucash, if rather belatedly. Your question is one that comes up at this time of the year, and can generate quite a bit of responses. You should definitely read the wiki page on this subject: Closing Books - GnuCash | | | | || | | | | | Closing Books - GnuCash | | | | Best,David On Mon, Dec 24, 2018 at 10:32, Jennym<55.jennifer.mas...@gmail.com> wrote: Hi I only started using GNUCash last April for simple, personal accounting, so I'm at the 'basic' stage. I'm using it with: a) Current bank account b) Two credit card accounts c) Personal Wallet d) Three income accounts e) Normal household accounts f) Budgeting (manually entered, not automatic via the system) So what I'd like to do: Retain all of 2018 accounts (having them to hand for easy access), but have them zeroed for 2019. My worry is that if I do anything wrong, there's no historical 'undo' button to backtrack. Would really appreciate any advice. (Basic of course). Thank you -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ 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.
