Greg, "Closing the books" is a formal accounting procedure originating primarily in the days of manual accounting in paper ledgers. As others have pointed out, Gnucash carries out the necessary calculations in its reports so there is no real need to carry out the formal procedure. In accounting practice it is also usually accompanied by a series of other adjustments to the accounts which ensure that items like prepaid expenses and or income is recorded at the date the expense is incurred or when the income is earned, which may be paid or actually received and recorded in a different accounting period to the one they apply to with regard to the accounting rules about timing, are correctly allocated proportionally to the appropriate accounting period. In personal accounting this in most cases has no relevance, although it may for taxation purposes, but in business accounting it is necessary to ensure that the correct profit/loss is recorded for the period.
Thanks to our developers Gnucash is programmed to give the correct results in reports whether the books have been formally closed or not. David Cousens On Sat, 2024-12-21 at 13:29 -0500, G Elevich wrote: > While I have your attention. I am not a business owner, and I don't > have > any special year end close out or reporting to do. Do I need to do > anything > special at year end, or can I just keep posting transactions into the > new > year? > > Thank you, and Merry Christmas. > > On Fri, Dec 20, 2024 at 10:03 PM Derek Atkins <[email protected]> > wrote: > > > There is a memo field tied to each split of a transaction, which > > you see > > in expanded (split view / journal) mode. > > There is also a transaction note field, which is visible in double > > - line > > mode. > > The order and placement of these fields is not user-editable. > > Enjoy! > > -derek > > Sent using my mobile device. Please excuse any typos. > > > > On December 20, 2024 21:42:58 David Carlson > > <[email protected]> > > wrote: > > > > Please reply all to keep your message in the list. This time I did > > it for > > > you. > > > > > > No, the structure of the transaction register and the transaction > > > editor > > > is > > > baked into GnuCash. > > > > > > On Fri, Dec 20, 2024 at 8:29 PM G Elevich <[email protected]> > > > wrote: > > > > > > Your last sentence is what I was getting at. If the structure of > > > the > > > > transaction view is fixed, then I cannot add a field to it? > > > > > > > > On Fri, Dec 20, 2024 at 5:40 PM David Carlson < > > > > [email protected]> > > > > wrote: > > > > > > > > I do not fully understand your question. > > > > > > > > > > When you are editing a transaction (in Autosplit Ledger or > > > > > Transaction > > > > > Journal view) there is an extra split line at the bottom of > > > > > the > > > > > transaction > > > > > where you can enter an additional memo with whatever transfer > > > > > account > > > > > that > > > > > you care to assign. > > > > > > > > > > As for rearranging the order of the fields, the structure of > > > > > the > > > > > transaction view is fixed left to right and cannot be > > > > > changed. > > > > > > > > > > > > > > > > > > > > On Fri, Dec 20, 2024 at 3:49 PM G Elevich <[email protected]> > > > > > wrote: > > > > > > > > > > I cannot find a way to add a memo (or other) field at the end > > > > > of the > > > > > > split > > > > > > record in the register. Nor a way to rearrange the order of > > > > > > fields. > > > > > > Thx > > > > > > Greg > > > > > > _______________________________________________ > > > > > > 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. > > > > > > > > > > > > > > > > > > > > > > -- > > > > > David Carlson > > > > > > > > > > > > > > > > > -- > > > David Carlson > > > _______________________________________________ > > > 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. > > > > > > > > _______________________________________________ > 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. _______________________________________________ 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.
