On 2026-01-20 18:14, Adrien Monteleone wrote: > Asset & Liability are not normally 'closed' in any case. > > The purpose of 'closing' Income/Expense was because those were special > cases of Equity, existing for the purpose of Income/P&L reporting at the > end of the period. 'Closing' them merely facilitated resetting their > balance to zero for the next period's reporting. > > You don't do that with Assets & Liabilities. They remain on the Balance > sheet until sold or discharged.
Total(Period) for Assets and Liabilities is the amount of change, positive or negative, during the current period -- just as it is for Income and Expenses. I'll bet the same is true for Equity accounts too, but I haven't posted anything to any Equity account so far this year. 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.
