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Re: [SL] Switching to sql-ledger for real, finally
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From: Paul T. <pt...@wa...> - 2008-01-09 06:06:37
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A little more on the same issue: Usual bookkeeping programs totally empty out all profit and loss acoounts and move the result to a balance sheet account, normally Result Bookyear or something similar. Then you start next year with a clean set of accounts for profit and loss part. SQL-ledger makes a year-end booking, say dec 31 2007, with the same effect, but leaves all entries where tehy are. So if you run a P&L report from jan 1 till dec 30 of any year you see the amounts of all entries for the year. If you do the same for jan 1 till dec 31 (after a year end J/E) you see all zero. Nice for comparison between say jan -dec 30 year minus one and current year to begin with ;-) 2008/1/8, Rich Shepard <rsh...@ap...>: > > On Tue, 8 Jan 2008, Ben Dugan wrote: > > > Thanks. I have tried this in a 'sandbox' copy of our accounts, and now > I'm > > trying to understand what it did. These things take time for me to > > understand, but I wanted to say thanks right away. > > Ben, > > The year end function creates a G/L transaction offsetting income and > expense accounts to zero. It also does not remove transactions or close a > period; you may run the year end anytime. The Journal entry is the same as > other G/L entries, but the transaction will be on income statements. > > Rich > > -- > Richard B. Shepard, Ph.D. > | Integrity Credibility > Applied Ecosystem Services, Inc. | Innovation > <http://www.appl-ecosys.com> Voice: 503-667-4517 Fax: > 503-667-8863 > > ------------------------------------------------------------------------- > Check out the new SourceForge.net Marketplace. > It's the best place to buy or sell services for > just about anything Open Source. > > http://ad.doubleclick.net/clk;164216239;13503038;w?http://sf.net/marketplace > _______________________________________________ > sql-ledger-users mailing list > sql...@li... > https://lists.sourceforge.net/lists/listinfo/sql-ledger-users > > |
