//I will repeat, the "net retained earnings" (or losses) appearing on
the Balance Sheet is the NET of all income and expense accounts. Those
are temporary accounts of fundamental type equity but not yet
incorporated into an actual equity account BECAUSE THE BOOKS HAVE NOT
(YET) BEEN CLOSED. That's what a "close the books" does.
a) When running the Balance Sheet with books open (we gnucash users do
not usually ever close the books) leave this amount showing. OR if you
want, in your "pretty print" edit of the report you could:
1) Add that amount to equity instead of it showing as a separate
line
2) << better >> Change the description of that line to something
like "Net of all Income and Expense accounts"
b) Do NOT run a Balance Sheet with the income and Expense accounts
deselected. Would not be in balance as a Balance Sheet should be.
c) OR -- you cloud do a "close the books" before running the Balance
Sheet. But then each interval stands alone. You would not, for example,
be able to run YTD for 1st quarter, the YTD for 2nd quarter, etc. <<
because you would have closed at the end of 1st quarter.
The TITLE gnucash uses for things might not be what you expect, just
live with that.
Michael D Novack
_______________________________________________
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.
