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epogrebnyak / abacus

A small yet valid double-entry accounting system in Python and command line.
https://epogrebnyak.github.io/abacus/
GNU General Public License v3.0
59 stars 4 forks source link

Changes to closing account name #84

Closed epogrebnyak closed 3 months ago

epogrebnyak commented 3 months ago

https://quickbooks.intuit.com/learn-support/en-us/account-management/do-i-need-to-create-an-income-summary-closing-account-in-qbo/00/854572

See also AccountingCoach link

May rename the net_income_closing_account = owners shares or retained earning

epogrebnyak commented 3 months ago

https://www.accountingcoach.com/blog/what-is-the-income-summary-account