costs and revenues closed automatically

prashants / webzash

Easy to use web based double entry accounting software in PHP - MySQL under MIT License

http://webzash.org

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costs and revenues closed automatically #79

Open abbasgholia opened 7 years ago

abbasgholia commented 7 years ago

can costs and revenues closed automatically and showed profits ?

prashants commented 7 years ago

Sorry I didn't get you. Can you explain what exactly do you want ?

abbasgholia commented 7 years ago

could I "carry forward" incomes and costs can be automatically to account for the current profit and loss transfer next year ? and when carry forward can also left last year accounts(example : capital ...) automatically be zero ? i have my english is not well! excuse me :)

paulfeakins commented 7 years ago

I believe abbasgholia is talking about automatically adding closing entries for the temporary accounts: https://en.wikipedia.org/wiki/Closing_entries

More info about how GnuCash does the same thing here: https://www.gnucash.org/docs/v2.6/C/gnucash-help/tool-close-book.html