Closing accounts can be done by recording the closing transaction(s) that occurred in the account. Record a closing balance transaction to zero out the account's balance. For investment accounts, you can record position adjustment transactions to close out any holdings in the account.

Determine the day that the account was closed and the balance right before the account was closed.

1. Create a new transaction in the account.
2. Set the transaction's date to the day that the account was closed
3. Set the transaction type to "Balance Adjustment".
4. Set the amount to the inverse of the account's existing balance resulting in a zero balance.

Note: You can also add a Memo or fill in other values for the adjustment transaction as desired.

Tip: Hide accounts no longer in use instead of deleting then.