GnuCash is designed to not need to. You can happily just keep plodding
along until the Sun consumes the Earth.
Closing books was necessary in pen and paper days because books were
physical volumes with limited space. They were not infinite.
This had the added benefit of catching errors periodically that
weren't caught before, and which were likely due to transcription
mistakes. (transactions and accounts were rarely even looked at much
less referenced or reported on in between closings)
Actually, there was a lot more to "closing the books" (inn the old
days). The process produced the P&L report (it was an ACCOUNT used in
the process), And depending on the type of entity, it might be important
to get profits into an actual account under equity.
For what the person asking the question wants to do, yes, would want to
be closing the books (in his case, apparently quarterly)
Michael D Novack
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