On 2023-04-07 17:35, [email protected] wrote: > That being said, there are comments in various Gnucash places > (Documentation, Wiki, Mailing List histories) to the effect that closing > books is considered a slightly old-fashioned way of doing things, and > although perhaps not discouraged, isn't strictly necessary. My own > preference is to do annual closings on all five sets of books I track. It > makes some reporting a little trickier to obtain, but on balance I like it > better.
I close my books each year so that the balances in my income and expense accounts will be totals for the current year only. If I had to redo prior-year reports or some reason it would be slightly awkward; but that's minor against the convenience (for me) of being able to see year-to-date income in the Accounts page and in the registers of the individual accounts. That's faster than pulling a report, at least for me. Stan Brown Tehachapi, CA, USA https://BrownMath.com _______________________________________________ gnucash-user mailing list [email protected] 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.
