I would like others’ thoughts about closing entries. (I haven’t been using Manager long enough to make any yet.) I can easily close the income and expense accounts to capital at year end via journal entries, but it seems that if I date the closing entries for the last day of the accounting year, the reports such as Profit & Loss for that year won’t show those account totals. If I date the closing entries for the first day of the following year, reports for that year would be off. And if I forego the closing entries entirely, the various years’ reports would be correct as long as I set beginning and ending dates correctly. But then the Summary will show those temporary accounts with running total balances from inception of the company rather than year to date. What am I missing?