In the balance sheet, retained earnings refer to total income minus expenses on the report date.
On Thu., 14 Mar. 2019, 04:35 Andrea Borgia, <and...@borgia.bo.it> wrote: > Il 10/03/19 10:16, Adrien Monteleone ha scritto: > > > > The fact that this is also the same amount as this particular > > transaction you entered for 13/01/17 is purely coincidental. (and > > should be, since it is entered in 2017 and you are running a balance > > sheet as of 31/12/16, unless you *aren’t* setting that report date > > properly) Transactions after 31/12/16 (or whatever date you run your > > balance sheet for) are not part of the report calculation, so they > > can’t affect it. > > I'm not a big fan of coincidences where lots of transactions are > involved and the difference matches just one of them. > > I had made an error in the P&L calculation for 2016, meaning I had > included that amount as a loss instead of leaving it out. Now that am > splitting the file, I have fixed the mistake for 2016 already and 2017 > is next in line. > > > > 2015 might not show that line, but that would mean your expenses > > match your income exactly for that year, an unlikely but not > > impossible scenario. > > No, no, it's downright impossible: I am saving quite a bit each year but > I was closing the books (even before splitting) at the end of the year > so the balance sheet on dec.31st would show all zeroes... unless someone > with fat fingers had made an error and included an entry from the > following year :P > > With one file per year, I saw that closing the books on jan.1st of the > following year would enable me to have a meaningful balance sheet and > that's what I'll be doing. That has the added bonus of being much easier > to carry over to the next year. > > > Last but not least, sorry if I mix up some terms: I am not an accountant > so, each time I want to ask a question, I have to re-run gnucash in > English to check whether the report I used in Italian is what I expect > it to be with an English label. > > > Regards, > Andrea. > _______________________________________________ > 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.
