Year End Copy

Question

Hi everyone,

I'm thinking about doing a year end copy, but concerned about loosing historical data.  I'm using H&B Version R33.7 Canada edition.

A few questions:

1. Will reports like "Net Worth" retain historical value for past years?  In my net worth reports, I include checking and credit cards accounts

2. What happens to values from closed accounts in the "Net Worth" report?

3. How do I looking up historical records?  Like when or how much I paid for something I bought 6 or 7 years ago.  I find this data very useful

Thanks in advance

Cheers,
 Randy

Chris_QPW · Accepted Answer

Since when most people ask this question, they are talking about removing data from their current data file, I will answer this as if you have selected that option.

Note Year-end-copy never removes any investment transactions, so they go unchanged in accounts/reports.

1) The data is gone so you aren't going to see it on reports.
2) Closed accounts aren't treated any differently.  Assuming all the transactions are reconciled and are non-investment accounts the transactions will be removed, but the accounts themselves will remain.
3) You would have open up the Archived File(s) or a backup and run your reports there.

Your concerns are exactly why SuperUsers recommend that you don't use this feature.

LostCanuck · Accepted Answer

Thanks @Chris_QPW and @Sherlock.  I would be ok to lose the transaction data if the reports (i.e. Net Worth) retained the values from that year.  I could go back to old files to find the data if I really wanted to find something.  At some point files will get too large and some data would need to get purged.

@Chris_QPW last comment ..."Your concerns are exactly why SuperUsers recommend that you don't use this feature" makes the most sense.  I will ignore this until I get to the point where the data file becomes too large to manage.

Thanks again for the great feedback.