I'm building a personal budget in GnuCash and after entering my starting equity, I've added my new paycheck in the Income section of my budget. I've entered it as transferred to my Checking Account in Assets. Now I see that the money I entered in Income is in my Checking Account and contributes to the total for Assets, but it ALSO still shows in the total for Income.
Does the total for Income ever reset or go down? For example, if I enter two additions totaling $4000 in July, will that $4000 still be included in the Income total when I enter a new paycheck in August, or will the total reset so it only shows more recent additions? If not, will all income additions add together for the remainder of the GnuCash budget's lifetime, so that in a few years the Income total will be hundreds of thousands?
Thank you for your help. Just started using GnuCash and all previous budgeting experience is using spreadsheets.