How do I close my books at the end of a period and have the Equity Statement Report correctly show capital investments and withdrawals without classifying retained earnings as either? Retained earnings are neither.
I've every combination of workflows I can think of. * closing Q3 books into a separate top-level Income Summary account then transferring (in Q4) retained earnings and any declared dividends into Retained Earnings (an equity account) and Dividends Payable (a liability account) * closing Q3 books directly into Retained Earnings and later (in Q4) transferring declared dividends into Dividends Payable * using closing and dividend transaction descriptions that match the closing entries pattern in the Equity Statement report, that do not, or any combination of the two * including and excluding the Income Summary and/or Retained Earnings accounts in the Equity Statement report * closing Q4 books the same way as I closed Q3 My Q4 report is either full of incorrectly-interpreted numbers it's pulling from the Q4 closing entries (if I don't exclude them) or it's just missing data (if I exclude a transaction that includes transfers to retained earnings or dividends payable.) I can't find a way to do this that works. What is this workflow supposed to look like? _______________________________________________ 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.
