Thanks for the reply - and the helpful tips. regards,
ALT On Tue, Mar 19, 2019 at 10:42 PM Adrien Monteleone < adrien.montele...@lusfiber.net> wrote: > Welcome to GnuCash! > > There is a ‘close books’ procedure you can use that zeros expenses and > income to equity as ‘retained earnings/losses’ but you don’t have to use > it. GnuCash does not require that you clear anything out at the end of the > year. (and doing so can impact your ability to run reports in some cases) > > There are people with 10+ years of data in very large files (with lots of > stock tracking) and other than some slow loading times, there aren’t any > major issues. (there are work arounds for the slow loading - somewhat) > > Some people do a close books and open a new file each year. But that > process requires archiving reports and the data files. It also means you > can’t run reports for multiple years without external help (like from a > spread sheet) or you can’t run reports that cross yearly boundaries. (say > from 4Q18 to 1Q19) And if you want to look at prior year(s) data, you have > to open each of those files separately. > > The Chart of Accounts tab has an available column for totals that show all > data in the entire book. (running totals from when you started using > GnuCash) It also has a column you can make visible for totals just for this > accounting period. (year) That way you can have an ‘at a glance’ view of > your accounts without running Income Statements or Balance Sheets. (but > those are available of course if you need them) The Summary Bar also shows > current net worth and retained earnings/losses. > > My personal workflow is to not use the close books procedure, make the > current period totals visible on the Accounts tab, as well as keep open a > YTD P&L, and a monthly P&L for last month and this month. I run Balance > Sheets as needed. I also never close GnuCash except for upgrades. Thus I > don’t experience the data file loading but a few times a year. And it is > still relatively painless. (special note - loading is significantly slower > if you leave reports open when closing the app. They will be loading on > re-opening the program which takes some time) > > As for reconciled transactions, they don’t ‘go away.’ But you can filter > your register views if you don’t want to see them. (or any transaction > before a certain date, say in the previous year) > > Regards, > Adrien > > > On Mar 19, 2019, at 5:36 AM, garage cowboy <garagecowboy3...@gmail.com> > wrote: > > > > Hi - I am a new gnucash user ( just a few weeks). > > > > First of all, congratulations and thanks to all those who have > contributed > > to this great product. > > > > My question is about EOFY processes - I am used to products which have > > an end of year rollover process which clears reconciled transactions - > is > > there equivalent function in gnucash? What is the recommended approach? > > am wondering what will happen in a few years when there are thousand of > > transactions in the xml file. > > > > Also interested in contributing to the cause but not a developer. > > > > regards, > > > > GC > > > _______________________________________________ > 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.
