> On Apr 20, 2019, at 2:33 AM, mc wrote:
>
> Config:
> gnucash 3.5 clean install.
> (X)ubuntu Linux 18.04
> gnucash files saved as sqlite.
>
> Hi
>
> I am new to gnucash and testing it.
> Most things I have tried work as expected (and extremely well ;-) )
>
> One question: on the page:
>
Thanks David
yes, I do understand that.
I had misunderstood the meaning of
"built-in reports automatically handle concepts like retained earnings
between two different financial periods"
to mean on the BS it would separately show prior years' retained
earnings and current year-to-date profit"
mc,
The balance of Retained Earnings is a balance , i.e. the value of the sum of
all the credits minus the sum of all the debits to it up to a specific date
from whenever recording to the account started. When you close the income
and expense accounts to retained earnings you credit (add) the
Config:
gnucash 3.5 clean install.
(X)ubuntu Linux 18.04
gnucash files saved as sqlite.
Hi
I am new to gnucash and testing it.
Most things I have tried work as expected (and extremely well ;-) )
One question: on the page:
www.gnucash.org/docs/v3/C/gnucash-help/tool-close-book.html
