Other than the suitability/unsuitability gnucash provided "tool" for
closing the books this isn't really a gnucash question. Yes,
partnerships, corporations, etc. will not simply be lumping all
components of equity together.
But worst case you so the "close the books" manually putting the net
income/loss into what accounts under equity you need it. Just like we
all did in the days of pen and ink on paper.
Need a report of equity after? (all those accounts, just those
accounts). Remember you can throw away those parts of a standard report
that you don't need/want. That is easier than creating a custom report
<< in other words, the report you want is PART of the Balance Sheet >>
Michael D Novack
On 1/1/2024 10:41 PM, Quinn Wood wrote:
On Sun, Oct 22, 2023 at 10:28 PM Quinn Wood <[email protected]> wrote:
On Sun, Oct 22, 2023 at 5:11 PM David Cousens <[email protected]>
wrote:
Have you investigated customizing the reports for the particular
situation and
renaming the report sections to meet your needs. The Edit->Report Options
alows
selecting particular accounts, date ranges etc but modifying the report
code
(Scheme) allows you to customize them to whatever you want with regard to
heading names etc. Requires an invetment to learn to program in Scheme
though.
I was planning to start from the current Equity Report, since I think I
see where it is calculating withdrawals and investments. I have to figure
out what the Scheme does to see if it can use the already-present "Closing
Entries pattern" option.
I've taken a look at creating this new equity report (that defines retained
earnings as a snapshot of all accumulated net income kept by the business,
when it could have been paid to owners instead) a few times but I don't
have a complete answer.
I *think* I could start creating the desired report by collecting four
things:
* what the total equity was before the report start date
* what the total equity was on the report end date
* what the total revenues were between the start and end date
* what the total expenses were between the start and end date
then populating some of the report fields
* starting equity
* ending equity
* change in equity
* net gain or loss
I see some comments here and there about a form of metadata that hints at a
journal entry being a closing entry. Is this metadata something that can be
used in reports? My reading suggests it can't, but I don't have much to go
on.
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