Derek, Thanks for the correct.
I will have to check out the Close Books. It will save me a lot of manual data entry. Thanks, Ben On Tue, Jan 19, 2010 at 10:48 AM, Derek Atkins <warl...@mit.edu> wrote: > Benjamin Johnsen <ben.john...@gmail.com> writes: > > > I don't know if you do you a Year End close out but as I understand it at > > the end of each year you should close out all of your Expense and Income > > accounts. Basically get them back to 0. The way I understand to do this > is > > by creating an Asset account named for the year. Something like "2008 > Year > > End". I then transfer all of my Expense and all of my Income to that > Asset > > account. > > Actually it's Equity, not Asset. And this is what Tools -> Close Books > does for you. > > -derek > > -- > Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory > Member, MIT Student Information Processing Board (SIPB) > URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH > warl...@mit.edu PGP key available > _______________________________________________ gnucash-devel mailing list gnucash-devel@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-devel
