Must we close accounts? …and why?

Another idea:

Instead of creating a new file for the new year (or period you decided) and begin with an empy file, why not one single file and periodically remove/close older years? For example, this year 2025 I remove transactions prior to 2020 from my main journal transactions.journal.

This way:

  • Always import and create new transactions in the main transactions.journal.
  • The transactions.journal is sufficient old to perform all the reports I am normally interested in.
  • The creation of new entries is easy, because I can copy old transactions that are available in the journal (I do not need to search in another file to copy and paste it).
  • If I need to rename or modify accounts, I only need to modify them in this journal. I assumme transactions-prior-2020.journal is for archiving purposes.
  • When I remove transaction of the oldest years (I move them to another file such as transactions-prior-2020.journal), it would be time to check unused accounts to remove them from the main transactions.journal.
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