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Here is what I want to do. I have a "Project Income" account, and a "Project Expense" account. At the end of the year, i want the net of these two accounts to close to an equity account example, "Designated fund - Project". The reason is, that we want to be able to use the residual income the follow...

I read somewhere that you can combine account transactions from one account to another. If that is the case, probably creating a new account, and combine/move transactions from one account to the newly created account is possible?

I want to have an income and expense account to a certain equity account. How do I do this?