New year

Glen's Avatar

Glen

14 Dec, 2019 09:24 PM

How do I start a new year and have existing accounts start with a zero balance

  1. 1 Posted by dwg on 14 Dec, 2019 09:38 PM

    dwg's Avatar

    I'm a fellow user.

    The short answer is you do not.

    In the real world at the start of a new year any loans or credit card debts you have are not wiped out, any bank credit balances are not taken off you so in the software you use to track these accounts you would not revert to a zero balance you just keep posting transactions.

    To examine or display a particular time period in the register you use the filters, and you use reports specifying a time frame when the report is generated.

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