I suspect that this topic comes up about every New Year - perhaps it is worth putting in a FAQ (if it's not in one), and perhaps posting the FAQ monthly to this list. In the relatively short time I've been on this list, I definitely see some repeated questions, including this end-of-year question that I created, and therefore may have errors in it.
------- Question: "How do I start a new year in GnuCash?" Alternatively, "How do I close out the old year in GnuCash?" Answers as far as I can remember them: General Answer: You need to determine precisely what you are trying to accomplish in GnuCash. You may not need to do anything (see A1). If you want to keep a backup-copy of the previous year, see A2. If you want to close the books in the accounting sense (reset the balances of the income and expense accounts), see A3. A1: There is no necessity to take any action at the start of a New Year. GnuCash can keep several years of data in its compressed XML file without it growing too large. A2: The best thing to do here is to be sure that there is no additional transactions for end-of-year, run whatever end-of-year reports you need, then shut down GnuCash and copy your main data file to some safe place. If that area supports it, consider marking the file as read-only. You should probably note the year in the name: "SmithFamilyFY2022.gnucash" or something like that. There is no need to delete old data (see A1). A3: See the GnuCash Manual, section 8.9 for a discussion about how to do this task, along with the caveats. -- _________________________________ Richard Losey rlo...@gmail.com Micah 6:8 _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: 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.
