You can 'close the year' with Tools > Close Year which adds a 'Closing entry' transaction from Expense and Income accounts on a specific date to the Equity account. The benefit is that the Income & Expense balances will reflect 'balance this year' so far. It doesn't however prevent modification of prior entries.
In practice, few of us actively close the books. To create an income/expense report, you can use the 'Report > Transaction Report' and display transactional data, or run 'Report > Income & Expense > Income Statement' for summaries. You will have to tweak the options. Please be aware that the "Income Statement" can exclude the closing entries created above, whereas the Transaction Report will include Closing Entries unless you actively filter them out by selecting "Accounts > Filter By" to "exclude transactions to/from" and Filter-accounts to closing-entries equity account. On 4 January 2018 at 02:03, Richard Barmann <d...@stripingthetown.com> wrote: > How do I close out the year and what do I need to print out for taxes. > > I think last year I printed out several sheets that had expenses and > income listed. > > Thank You. > > Richard Barmann > > r...@barmannsbar.com > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > 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 https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
