fix: period close sweeps only through the period end; partnerships close into members' capital

The close zeroed every revenue and expense account's all-time movement,
so closing a period after later entries were posted swept those too:
close January in March and February's and March's income landed in
January's closing entry. The preview had the same bug and never showed
where the net went. Now:

- close_period_to(id, to) zeroes balances as of the period end; entries
  dated later stay open for their own period. Periods must close in
  order (LedgerError::CloseOutOfOrder): a later close has already swept
  the earlier period.
- CloseTo::Members: for a partnership (multi-member LLC) the net goes to
  each member's capital account by share, to the cent, the last member
  absorbing rounding, which is what K-1 capital accounts track.
  CloseTo::RetainedEarnings (3999) stays the default; close_period is
  shorthand for it. books.close_period picks Members when
  wanderbooks.toml lists members.
- The journal records the close target; replay re-derives the closing
  entry and now compares every line with the journal, not just the id,
  so a change to closing math can never silently rewrite history.
- The tool's preview is the real close run on a clone of the ledger
  (Ledger now derives Clone), so preview and post can't disagree.
- Members' equity: closing entries into a capital account are income,
  not contributions. Balance sheet for a partnership: capital accounts
  (with allocated earnings), then only unallocated earnings —
  "Undistributed earnings, prior years" if any, and this year's unclosed
  net income (loss). periods::allocate is shared by the close and the
  statement.

Tests: January closed after February is posted sweeps exactly Dr 4000
2,500 / Cr 6100 800 / Cr 3999 1,700 (mutation-checked: the old code gives
3,500/120/800/2,580); out-of-order close refused; a partnership close
splits 666.67 into 333.34/333.33 with no 3999, and the members' equity
statement reads correctly before and after; store replay of a members
close (reopen, rebuild, verify); partnership and corporate balance sheet
layouts; stdio close preview equals the posted lines.

Co-Authored-By: Claude Opus 5.5 <noreply@anthropic.com>
Claude-Session: https://claude.ai/code/session_01MtYEaR6M6Ybdhm6X98BWNu

Cargo.lock

@@ -1894,7 +1894,6 @@ dependencies = [
  "thiserror",
  "typst",
  "typst-as-lib",
- "typst-assets",
  "typst-layout",
  "typst-pdf",
 ]

crates/ledger-core/src/error.rs

@@ -132,6 +132,10 @@ pub enum LedgerError {
     #[error("purchase date plus useful life overflows the calendar")]
     AssetDateOverflow,
 
+    /// Partnership members are misconfigured (shares, capital accounts).
+    #[error("invalid members: {0}")]
+    InvalidMembers(String),
+
     /// Cash-flow period end is before period start.
     #[error("invalid date range: end {end} is before start {start}")]
     InvalidDateRange {
@@ -162,6 +166,10 @@ pub enum LedgerError {
     #[error("cannot close period {0}: draft entries exist with dates in the period")]
     DraftsInPeriod(u64),
 
+    /// A period can't close while a later period is already closed.
+    #[error("period {0} can't close: later period {1} is already closed (close in order)")]
+    CloseOutOfOrder(u64, u64),
+
     /// Entries cannot be created or posted in a closed period.
     #[error("period {0} is closed; entries dated {1} are rejected")]
     ClosedPeriod(u64, String),

crates/ledger-core/src/ledger.rs

@@ -57,7 +57,7 @@ pub struct ReconciliationReport {
 }
 
 /// The books. Single-currency (see R-5); owns id allocation.
-#[derive(Debug)]
+#[derive(Clone, Debug)]
 pub struct Ledger {
     base_currency: Currency,
     chart: ChartOfAccounts,
@@ -587,114 +587,161 @@ impl Ledger {
             .collect()
     }
 
+    /// Close a period into Retained Earnings: see [`Self::close_period_to`].
+    pub fn close_period(&mut self, id: PeriodId) -> Result<Option<EntryId>, LedgerError> {
+        self.close_period_to(id, &periods::CloseTo::RetainedEarnings)
+    }
+
     /// Close a period. This:
-    /// 1. Rejects if the period is already closed.
-    /// 2. Rejects if any draft entries have dates inside the period.
-    /// 3. Posts a closing entry dated at period end: revenue accounts are
-    ///    debited to zero, expense accounts are credited to zero, and the
-    ///    net goes to Retained Earnings (account `3999`, created if missing).
-    /// 4. Marks the period closed.
+    /// 1. Rejects if the period is already closed, if any draft is dated
+    ///    inside it, or if a later period is already closed (closing out of
+    ///    order would sweep the same income twice).
+    /// 2. Posts a closing entry dated at period end that zeroes every revenue
+    ///    and expense account's balance *as of the period end* (entries
+    ///    dated after it stay open for their own period): revenue debited,
+    ///    expense credited, and the net to `to` — Retained Earnings (account
+    ///    `3999`, created if missing), or members' capital accounts by
+    ///    share for a partnership, to the cent with the last member
+    ///    absorbing rounding.
+    /// 3. Marks the period closed.
     ///
     /// Returns the closing entry's id, or `None` if there was nothing to
-    /// close (no revenue/expense movement).
-    pub fn close_period(&mut self, id: PeriodId) -> Result<Option<EntryId>, LedgerError> {
-        let period = self
-            .periods
-            .get(&id)
-            .ok_or(LedgerError::UnknownPeriod(id))?
-            .clone();
-        if period.status == PeriodStatus::Closed {
-            return Err(LedgerError::PeriodAlreadyClosed(id));
-        }
-        // No drafts may have dates inside the period.
-        let has_drafts = self
-            .entries
-            .values()
-            .any(|e| e.status() == EntryStatus::Draft && period.contains(e.date()));
-        if has_drafts {
-            return Err(LedgerError::DraftsInPeriod(id));
+    /// close (no revenue/expense balance at period end).
+    pub fn close_period_to(
+        &mut self,
+        id: PeriodId,
+        to: &periods::CloseTo,
+    ) -> Result<Option<EntryId>, LedgerError> {
+        self.preview_close_period(id)?;
+        if let periods::CloseTo::Members(members) = to {
+            self.validate_close_members(members)?;
         }
+        let period = self.periods.get(&id).expect("previewed").clone();
 
-        // Collect revenue and expense accounts with non-zero movement.
+        // Revenue and expense balances as of the period end.
         let mut closings: Vec<(AccountId, Side, Decimal)> = Vec::new();
         let mut accounts: Vec<_> = self.chart.all().collect();
         accounts.sort_by(|a, b| a.code.cmp(&b.code));
         for account in accounts {
-            match account.account_type {
-                AccountType::Revenue | AccountType::Expense => {
-                    let movement = self.account_movement(account.id);
-                    if movement.is_zero() {
-                        continue;
-                    }
-                    // To zero the account: post the opposite of its net movement.
-                    let (side, amount) = if movement > Decimal::ZERO {
-                        (Side::Credit, movement)
-                    } else {
-                        (Side::Debit, -movement)
-                    };
-                    closings.push((account.id, side, amount));
-                }
-                _ => {}
+            if !matches!(
+                account.account_type,
+                AccountType::Revenue | AccountType::Expense
+            ) {
+                continue;
             }
+            let movement = self.movement_through(account.id, period.end);
+            if movement.is_zero() {
+                continue;
+            }
+            // To zero the account: post the opposite of its net movement.
+            let (side, amount) = if movement > Decimal::ZERO {
+                (Side::Credit, movement)
+            } else {
+                (Side::Debit, -movement)
+            };
+            closings.push((account.id, side, amount));
         }
 
         let closing_entry = if closings.is_empty() {
             None
         } else {
-            // Ensure Retained Earnings exists.
-            let re_id = match self.chart.find_by_code("3999") {
-                Some(a) => a.id,
-                None => self.add_account(
-                    "3999",
-                    "Retained Earnings",
-                    AccountType::Equity,
-                    None,
-                    false,
-                )?,
-            };
-            // Sum the closing lines to find the net for RE.
-            let mut debits = Decimal::ZERO;
-            let mut credits = Decimal::ZERO;
-            for (_, side, amount) in &closings {
-                match side {
-                    Side::Debit => debits += *amount,
-                    Side::Credit => credits += *amount,
+            // Net income: the closing debits (revenue) minus credits (expense).
+            let net: Decimal = closings
+                .iter()
+                .map(|(_, side, amount)| match side {
+                    Side::Debit => *amount,
+                    Side::Credit => -*amount,
+                })
+                .sum();
+            let targets: Vec<(AccountId, Decimal)> = match to {
+                periods::CloseTo::RetainedEarnings => {
+                    let re_id = match self.chart.find_by_code(periods::RETAINED_EARNINGS_CODE) {
+                        Some(a) => a.id,
+                        None => self.add_account(
+                            periods::RETAINED_EARNINGS_CODE,
+                            "Retained Earnings",
+                            AccountType::Equity,
+                            None,
+                            false,
+                        )?,
+                    };
+                    vec![(re_id, net)]
                 }
-            }
+                periods::CloseTo::Members(members) => {
+                    let shares: Vec<Decimal> = members.iter().map(|(_, s)| *s).collect();
+                    members
+                        .iter()
+                        .map(|(a, _)| *a)
+                        .zip(periods::allocate(net, &shares))
+                        .collect()
+                }
+            };
             let entry = self.create_entry(period.end, &format!("Close period {}", period.name));
             for (account, side, amount) in closings {
                 self.add_line(entry, account, side, Money::new(amount, self.base_currency))?;
             }
-            // Balance with Retained Earnings.
-            if debits > credits {
-                // Profit: credit RE.
-                self.add_line(
-                    entry,
-                    re_id,
-                    Side::Credit,
-                    Money::new(debits - credits, self.base_currency),
-                )?;
-            } else if credits > debits {
-                // Loss: debit RE.
-                self.add_line(
-                    entry,
-                    re_id,
-                    Side::Debit,
-                    Money::new(credits - debits, self.base_currency),
-                )?;
+            // Profit credits equity; a loss debits it.
+            for (account, share) in targets {
+                if share.is_zero() {
+                    continue;
+                }
+                let (side, amount) = if share > Decimal::ZERO {
+                    (Side::Credit, share)
+                } else {
+                    (Side::Debit, -share)
+                };
+                self.add_line(entry, account, side, Money::new(amount, self.base_currency))?;
             }
             self.post_entry(entry)?;
             Some(entry)
         };
 
-        self.periods.get_mut(&id).expect("period exists").status = PeriodStatus::Closed;
-        self.periods
-            .get_mut(&id)
-            .expect("period exists")
-            .closing_entry = closing_entry;
+        let p = self.periods.get_mut(&id).expect("period exists");
+        p.status = PeriodStatus::Closed;
+        p.closing_entry = closing_entry;
         Ok(closing_entry)
     }
 
+    /// Members for a close: shares positive and summing to 1, capital
+    /// accounts distinct equity accounts.
+    fn validate_close_members(&self, members: &[(AccountId, Decimal)]) -> Result<(), LedgerError> {
+        let total: Decimal = members.iter().map(|(_, s)| *s).sum();
+        if members.is_empty()
+            || total != Decimal::ONE
+            || members.iter().any(|(_, s)| *s <= Decimal::ZERO)
+        {
+            return Err(LedgerError::InvalidMembers(format!(
+                "member shares must be positive and sum to 1, got {total}"
+            )));
+        }
+        let mut seen = std::collections::BTreeSet::new();
+        for (a, _) in members {
+            let account = self.chart.get(*a).ok_or(LedgerError::UnknownAccount(*a))?;
+            if account.account_type != AccountType::Equity || !seen.insert(*a) {
+                return Err(LedgerError::InvalidMembers(format!(
+                    "capital account {} must be a distinct equity account",
+                    account.code
+                )));
+            }
+        }
+        Ok(())
+    }
+
+    /// Debits minus credits on an account across posted entries dated on or
+    /// before `end`.
+    fn movement_through(&self, account: AccountId, end: NaiveDate) -> Decimal {
+        let mut total = Decimal::ZERO;
+        for entry in self.posted_entries().filter(|e| e.date() <= end) {
+            for line in entry.lines().iter().filter(|l| l.account == account) {
+                match line.side {
+                    Side::Debit => total += line.amount.amount,
+                    Side::Credit => total -= line.amount.amount,
+                }
+            }
+        }
+        total
+    }
+
     /// Pure pre-close check for journaling stores: verifies that
     /// [`Self::close_period`] would succeed — the period exists and is open,
     /// no draft entries are dated inside it, and the closing entry's date
@@ -724,14 +771,23 @@ impl Ledger {
         {
             return Err(LedgerError::ClosedPeriod(other, period.end.to_string()));
         }
+        // Periods close in order: a later closed period already swept this
+        // one's income, so closing it now would sweep it again.
+        if let Some(later) = self
+            .periods
+            .values()
+            .find(|p| p.status == PeriodStatus::Closed && p.end > period.end)
+        {
+            return Err(LedgerError::CloseOutOfOrder(id, later.id));
+        }
         // The close posts an entry exactly when some revenue or expense
-        // account has non-zero movement — the same predicate close_period
-        // uses to decide. The entry id is the next one the allocator hands
-        // out; account creation (e.g. Retained Earnings) does not consume
-        // entry ids.
+        // account has a balance at period end — the same predicate
+        // close_period_to uses to decide. The entry id is the next one the
+        // allocator hands out; account creation (e.g. Retained Earnings)
+        // does not consume entry ids.
         let any_movement = self.chart.all().any(|a| {
             matches!(a.account_type, AccountType::Revenue | AccountType::Expense)
-                && !self.account_movement(a.id).is_zero()
+                && !self.movement_through(a.id, period.end).is_zero()
         });
         Ok(any_movement.then_some(self.next_entry_id))
     }

crates/ledger-core/src/lib.rs

@@ -43,9 +43,11 @@ pub use journal::{EntryId, EntryStatus, JournalEntry, JournalLine};
 pub use ledger::{Ledger, ReconciliationReport, UnclearedLine};
 pub use money::{Currency, Money};
 pub use payroll::{PayrollLine, PayrollRun, PayrollRunId};
-pub use periods::{Period, PeriodId, PeriodStatus};
+pub use periods::{CloseTo, Period, PeriodId, PeriodStatus, RETAINED_EARNINGS_CODE};
 pub use reports::{
     BalanceSheet, BalanceSheetStatement, CashFlowLine, CashFlowParams, CashFlowStatement,
-    ClassProfitAndLoss, ProfitAndLoss, ProfitAndLossStatement, StatementLine, TrialBalance,
-    TrialBalanceLine, balance_sheet_as_of, cash_flow, profit_and_loss_for_period,
+    ClassProfitAndLoss, GeneralLedger, LedgerAccount, LedgerPosting, MemberCapital,
+    MemberEquityColumn, MembersEquityStatement, ProfitAndLoss, ProfitAndLossStatement,
+    StatementLine, TrialBalance, TrialBalanceLine, balance_sheet_as_of, cash_flow, general_ledger,
+    members_equity, profit_and_loss_for_period, trial_balance_as_of,
 };

crates/ledger-core/src/periods.rs

@@ -29,6 +29,39 @@ pub enum PeriodStatus {
     Closed,
 }
 
+/// Where a period close puts the period's net income.
+#[derive(Clone, Debug, PartialEq)]
+pub enum CloseTo {
+    /// One Retained Earnings account ([`RETAINED_EARNINGS_CODE`]): the
+    /// corporate convention.
+    RetainedEarnings,
+    /// Members' capital accounts, by share (shares sum to 1): the
+    /// partnership convention, where each member's capital account carries
+    /// their allocated earnings.
+    Members(Vec<(crate::AccountId, rust_decimal::Decimal)>),
+}
+
+/// Split `amount` by `shares` to the cent; the last share absorbs rounding,
+/// so the parts always sum to `amount` exactly.
+pub fn allocate(
+    amount: rust_decimal::Decimal,
+    shares: &[rust_decimal::Decimal],
+) -> Vec<rust_decimal::Decimal> {
+    use rust_decimal::RoundingStrategy::MidpointAwayFromZero;
+    let mut parts: Vec<_> = shares
+        .iter()
+        .map(|s| (amount * s).round_dp_with_strategy(2, MidpointAwayFromZero))
+        .collect();
+    if let Some((last, rest)) = parts.split_last_mut() {
+        *last = amount - rest.iter().copied().sum::<rust_decimal::Decimal>();
+    }
+    parts
+}
+
+/// Code of the Retained Earnings account that closing entries credit (or
+/// debit), created on the first close if the chart lacks it.
+pub const RETAINED_EARNINGS_CODE: &str = "3999";
+
 /// A named accounting period: a month, quarter, or year.
 #[derive(Clone, Debug, Serialize, Deserialize)]
 pub struct Period {
@@ -130,7 +163,7 @@ mod tests {
         assert_eq!(l.account_balance(rev).unwrap(), rust_decimal::Decimal::ZERO);
         assert_eq!(l.account_balance(exp).unwrap(), rust_decimal::Decimal::ZERO);
         // Retained earnings holds the net: 1000 - 400 = 600 (credit-normal).
-        let re = l.chart().find_by_code("3999").unwrap().id;
+        let re = l.chart().find_by_code(RETAINED_EARNINGS_CODE).unwrap().id;
         assert_eq!(
             l.account_balance(re).unwrap(),
             "600".parse::<rust_decimal::Decimal>().unwrap()

crates/ledger-core/src/reports.rs

@@ -4,6 +4,7 @@
 //! (`docs/oracle.md`) diffs: the same fixture books through two engines must
 //! produce byte-identical [`snapshot`] output.
 
+use crate::periods::allocate;
 use crate::{AccountType, Class, ClassId, JournalEntry, JournalLine, Ledger, LedgerError};
 use chrono::NaiveDate;
 use rust_decimal::Decimal;
@@ -44,6 +45,27 @@ impl TrialBalance {
 
 /// Build the trial balance from all posted entries.
 pub fn trial_balance(ledger: &Ledger) -> TrialBalance {
+    trial_balance_where(ledger, &|_| true)
+}
+
+/// The trial balance as of a date: every posted entry dated on or before
+/// it (closing entries included, so after a close it is the post-closing
+/// trial balance).
+pub fn trial_balance_as_of(ledger: &Ledger, as_of: NaiveDate) -> TrialBalance {
+    trial_balance_where(ledger, &|e| e.date() <= as_of)
+}
+
+fn trial_balance_where(ledger: &Ledger, include: &dyn Fn(&JournalEntry) -> bool) -> TrialBalance {
+    let mut movements: BTreeMap<crate::AccountId, Decimal> = BTreeMap::new();
+    for entry in ledger.posted_entries().filter(|e| include(e)) {
+        for line in entry.lines() {
+            let signed = match line.side {
+                crate::Side::Debit => line.amount.amount,
+                crate::Side::Credit => -line.amount.amount,
+            };
+            *movements.entry(line.account).or_default() += signed;
+        }
+    }
     let mut accounts: Vec<_> = ledger.chart().all().collect();
     accounts.sort_by(|a, b| a.code.cmp(&b.code));
 
@@ -54,7 +76,7 @@ pub fn trial_balance(ledger: &Ledger) -> TrialBalance {
         if account.placeholder {
             continue;
         }
-        let movement = ledger.account_movement(account.id);
+        let movement = movements.get(&account.id).copied().unwrap_or_default();
         if movement.is_zero() {
             continue;
         }
@@ -460,6 +482,363 @@ pub fn balance_sheet_as_of(
     })
 }
 
+// ---------------------------------------------------------------------------
+// General ledger (by account)
+// ---------------------------------------------------------------------------
+
+/// One posting in the general ledger: a journal line, seen from its account.
+#[derive(Clone, Debug, Serialize, Deserialize, PartialEq)]
+pub struct LedgerPosting {
+    /// Entry date.
+    pub date: NaiveDate,
+    /// The journal entry: its other lines are the other side.
+    pub entry_id: crate::EntryId,
+    /// Entry description.
+    pub description: String,
+    /// The other side: `"CODE Name"` of the one account on the entry's
+    /// opposite side, or `"-Split-"` when that side is several accounts
+    /// (the QuickBooks convention).
+    pub split: String,
+    /// Debit amount, or zero.
+    pub debit: Decimal,
+    /// Credit amount, or zero.
+    pub credit: Decimal,
+    /// Running balance after this posting, on the account's normal side.
+    pub balance: Decimal,
+}
+
+/// One account's section of the general ledger.
+#[derive(Clone, Debug, Serialize, Deserialize)]
+pub struct LedgerAccount {
+    /// Account code.
+    pub code: String,
+    /// Account name.
+    pub name: String,
+    /// Account type.
+    pub account_type: AccountType,
+    /// Balance before the period, normal side.
+    pub beginning_balance: Decimal,
+    /// Postings in the period, by date then entry.
+    pub postings: Vec<LedgerPosting>,
+    /// Sum of the period's debits.
+    pub total_debits: Decimal,
+    /// Sum of the period's credits.
+    pub total_credits: Decimal,
+    /// Balance at period end, normal side. Ties to the trial balance.
+    pub ending_balance: Decimal,
+}
+
+/// The general ledger for a period: every account with a beginning balance
+/// or activity, in chart (code) order.
+#[derive(Clone, Debug, Serialize, Deserialize)]
+pub struct GeneralLedger {
+    /// First date, inclusive.
+    pub start: NaiveDate,
+    /// Last date, inclusive.
+    pub end: NaiveDate,
+    /// Accounts by code.
+    pub accounts: Vec<LedgerAccount>,
+}
+
+/// Build the general ledger for `[start, end]`. Every journal line is a
+/// posting to its account, with the entry's other side as the split, and a
+/// running balance from the account's balance before `start`. Closing
+/// entries are postings like any other.
+pub fn general_ledger(
+    ledger: &Ledger,
+    start: NaiveDate,
+    end: NaiveDate,
+) -> Result<GeneralLedger, LedgerError> {
+    if end < start {
+        return Err(LedgerError::InvalidDateRange {
+            start: start.to_string(),
+            end: end.to_string(),
+        });
+    }
+    let display = |id: crate::AccountId| -> Result<String, LedgerError> {
+        let a = ledger
+            .chart()
+            .get(id)
+            .ok_or(LedgerError::UnknownAccount(id))?;
+        Ok(format!("{} {}", a.code, a.name))
+    };
+    let mut entries: Vec<&JournalEntry> = ledger.posted_entries().collect();
+    entries.sort_by_key(|e| (e.date(), e.id()));
+
+    let mut begin: BTreeMap<crate::AccountId, Decimal> = BTreeMap::new();
+    let mut postings: BTreeMap<crate::AccountId, Vec<(crate::Side, Decimal, LedgerPosting)>> =
+        BTreeMap::new();
+    for entry in &entries {
+        let lines = entry.lines();
+        for (i, line) in lines.iter().enumerate() {
+            let signed = match line.side {
+                crate::Side::Debit => line.amount.amount,
+                crate::Side::Credit => -line.amount.amount,
+            };
+            if entry.date() < start {
+                *begin.entry(line.account).or_default() += signed;
+                continue;
+            }
+            if entry.date() > end {
+                continue;
+            }
+            // The other side is the accounts on the opposite side of the
+            // entry: a credit's split is what was debited, and vice versa.
+            let others: BTreeSet<crate::AccountId> = lines
+                .iter()
+                .enumerate()
+                .filter(|(j, l)| *j != i && l.side != line.side)
+                .map(|(_, l)| l.account)
+                .collect();
+            let split = match others.len() {
+                1 => display(*others.iter().next().expect("one"))?,
+                _ => "-Split-".to_string(),
+            };
+            let (debit, credit) = match line.side {
+                crate::Side::Debit => (line.amount.amount, Decimal::ZERO),
+                crate::Side::Credit => (Decimal::ZERO, line.amount.amount),
+            };
+            postings.entry(line.account).or_default().push((
+                line.side,
+                line.amount.amount,
+                LedgerPosting {
+                    date: entry.date(),
+                    entry_id: entry.id(),
+                    description: entry.description().to_string(),
+                    split,
+                    debit,
+                    credit,
+                    balance: Decimal::ZERO,
+                },
+            ));
+        }
+    }
+    let mut accounts: Vec<_> = ledger.chart().all().collect();
+    accounts.sort_by(|a, b| a.code.cmp(&b.code));
+    let mut out = Vec::new();
+    for account in accounts {
+        let begin_movement = begin.get(&account.id).copied().unwrap_or_default();
+        let lines = postings.remove(&account.id).unwrap_or_default();
+        if begin_movement.is_zero() && lines.is_empty() {
+            continue;
+        }
+        let normal = account.account_type.normal_side();
+        let to_normal = |m: Decimal| if normal == crate::Side::Debit { m } else { -m };
+        let beginning_balance = to_normal(begin_movement) + Decimal::ZERO;
+        let mut balance = beginning_balance;
+        let (mut total_debits, mut total_credits) = (Decimal::ZERO, Decimal::ZERO);
+        let mut posted = Vec::with_capacity(lines.len());
+        for (side, amount, mut p) in lines {
+            balance += if side == normal { amount } else { -amount };
+            total_debits += p.debit;
+            total_credits += p.credit;
+            p.balance = balance;
+            posted.push(p);
+        }
+        out.push(LedgerAccount {
+            code: account.code.clone(),
+            name: account.name.clone(),
+            account_type: account.account_type,
+            beginning_balance: zero_clean(beginning_balance),
+            postings: posted,
+            total_debits,
+            total_credits,
+            ending_balance: zero_clean(balance),
+        });
+    }
+    Ok(GeneralLedger {
+        start,
+        end,
+        accounts: out,
+    })
+}
+
+/// Never let a negative zero reach a report.
+fn zero_clean(d: Decimal) -> Decimal {
+    if d.is_zero() { Decimal::ZERO } else { d }
+}
+
+// ---------------------------------------------------------------------------
+// Statement of changes in members' equity (partnership capital accounts)
+// ---------------------------------------------------------------------------
+
+/// A member of a partnership (multi-member LLC): their capital account and
+/// their share of income.
+#[derive(Clone, Debug)]
+pub struct MemberCapital {
+    /// Member's name.
+    pub name: String,
+    /// Their capital account (equity): contributions credit it,
+    /// distributions debit it.
+    pub capital_account: crate::AccountId,
+    /// Share of income, e.g. 0.5. The shares must sum to exactly 1.
+    pub share: Decimal,
+}
+
+/// One member's (or the total) capital roll-forward for a period.
+#[derive(Clone, Debug, Serialize, Deserialize, PartialEq)]
+pub struct MemberEquityColumn {
+    /// Member's name, or "Total".
+    pub name: String,
+    /// Capital at the start of the period, including their share of
+    /// earnings not yet distributed.
+    pub beginning: Decimal,
+    /// Contributions during the period.
+    pub contributions: Decimal,
+    /// Their share of the period's net income (loss).
+    pub net_income: Decimal,
+    /// Distributions during the period (a positive number, subtracted).
+    pub distributions: Decimal,
+    /// Any other change in equity, allocated by share. Zero unless equity
+    /// moved through an account that isn't a member's capital account, retained
+    /// earnings, or the period's income.
+    pub other: Decimal,
+    /// Capital at the end of the period.
+    pub ending: Decimal,
+}
+
+/// The statement of changes in members' equity: each member's capital
+/// account roll-forward, plus a total that ties to the balance sheet.
+#[derive(Clone, Debug, Serialize, Deserialize)]
+pub struct MembersEquityStatement {
+    /// First date, inclusive.
+    pub start: NaiveDate,
+    /// Last date, inclusive.
+    pub end: NaiveDate,
+    /// One column per member, in the order given.
+    pub members: Vec<MemberEquityColumn>,
+    /// Sum of the members. `ending` equals total equity on the balance
+    /// sheet as of `end`.
+    pub total: MemberEquityColumn,
+}
+
+/// Build the statement of changes in members' equity for `[start, end]`.
+///
+/// Each member's capital account supplies contributions (credits) and
+/// distributions (debits). Earnings are partnership earnings: net income
+/// for the period, and earnings from before it not yet distributed (retained
+/// earnings plus unclosed income), are allocated by share. Allocation is to
+/// the cent with the last member absorbing rounding, so every row's total
+/// is exact and the ending total equals balance-sheet equity.
+pub fn members_equity(
+    ledger: &Ledger,
+    start: NaiveDate,
+    end: NaiveDate,
+    members: &[MemberCapital],
+) -> Result<MembersEquityStatement, LedgerError> {
+    if members.is_empty() {
+        return Err(LedgerError::InvalidMembers("no members given".to_string()));
+    }
+    let shares: Vec<Decimal> = members.iter().map(|m| m.share).collect();
+    let total_share: Decimal = shares.iter().sum();
+    if total_share != Decimal::ONE || shares.iter().any(|s| *s <= Decimal::ZERO) {
+        return Err(LedgerError::InvalidMembers(format!(
+            "member shares must be positive and sum to 1, got {total_share}"
+        )));
+    }
+    let mut seen = BTreeSet::new();
+    for m in members {
+        let account = ledger
+            .chart()
+            .get(m.capital_account)
+            .ok_or(LedgerError::UnknownAccount(m.capital_account))?;
+        if account.account_type != AccountType::Equity || !seen.insert(m.capital_account) {
+            return Err(LedgerError::InvalidMembers(format!(
+                "{}: capital account {} must be a distinct equity account",
+                m.name, account.code
+            )));
+        }
+    }
+    let day_before = start.pred_opt().ok_or(LedgerError::InvalidDateRange {
+        start: start.to_string(),
+        end: end.to_string(),
+    })?;
+    let pnl = profit_and_loss_for_period(ledger, start, end, None)?;
+    let begin_bs = balance_sheet_as_of(ledger, day_before)?;
+    let end_bs = balance_sheet_as_of(ledger, end)?;
+
+    // Capital account balances before the period, and their movement in it.
+    let capital_before = |id: crate::AccountId| -> Decimal {
+        let mut m = Decimal::ZERO;
+        for e in ledger.posted_entries().filter(|e| e.date() < start) {
+            for l in e.lines().iter().filter(|l| l.account == id) {
+                match l.side {
+                    crate::Side::Credit => m += l.amount.amount,
+                    crate::Side::Debit => m -= l.amount.amount,
+                }
+            }
+        }
+        m
+    };
+    // Contributions and distributions move a capital account; a closing
+    // entry allocating earnings into it is income, already counted below.
+    let closings = ledger.closing_entry_ids();
+    let flows = |id: crate::AccountId| -> (Decimal, Decimal) {
+        let (mut credits, mut debits) = (Decimal::ZERO, Decimal::ZERO);
+        for e in ledger
+            .posted_entries()
+            .filter(|e| e.date() >= start && e.date() <= end && !closings.contains(&e.id()))
+        {
+            for l in e.lines().iter().filter(|l| l.account == id) {
+                match l.side {
+                    crate::Side::Credit => credits += l.amount.amount,
+                    crate::Side::Debit => debits += l.amount.amount,
+                }
+            }
+        }
+        (credits, debits)
+    };
+    let capital: Vec<Decimal> = members
+        .iter()
+        .map(|m| capital_before(m.capital_account))
+        .collect();
+    let flow: Vec<(Decimal, Decimal)> = members.iter().map(|m| flows(m.capital_account)).collect();
+
+    // Everything in equity that isn't a capital account is partnership
+    // earnings not yet distributed: allocate it by share.
+    let undistributed = begin_bs.total_equity - capital.iter().sum::<Decimal>();
+    let begin_alloc = allocate(undistributed, &shares);
+    let income_alloc = allocate(pnl.net_income(), &shares);
+    let explained = flow.iter().map(|(c, d)| c - d).sum::<Decimal>() + pnl.net_income();
+    let other_alloc = allocate(
+        end_bs.total_equity - begin_bs.total_equity - explained,
+        &shares,
+    );
+
+    let mut cols = Vec::with_capacity(members.len());
+    for (i, m) in members.iter().enumerate() {
+        let beginning = capital[i] + begin_alloc[i];
+        let (contributions, distributions) = flow[i];
+        let ending = beginning + contributions - distributions + income_alloc[i] + other_alloc[i];
+        cols.push(MemberEquityColumn {
+            name: m.name.clone(),
+            beginning: zero_clean(beginning),
+            contributions,
+            net_income: zero_clean(income_alloc[i]),
+            distributions,
+            other: zero_clean(other_alloc[i]),
+            ending: zero_clean(ending),
+        });
+    }
+    let sum = |f: fn(&MemberEquityColumn) -> Decimal| cols.iter().map(f).sum::<Decimal>();
+    let total = MemberEquityColumn {
+        name: "Total".to_string(),
+        beginning: sum(|c| c.beginning),
+        contributions: sum(|c| c.contributions),
+        net_income: sum(|c| c.net_income),
+        distributions: sum(|c| c.distributions),
+        other: sum(|c| c.other),
+        ending: sum(|c| c.ending),
+    };
+    debug_assert_eq!(total.ending, end_bs.total_equity);
+    Ok(MembersEquityStatement {
+        start,
+        end,
+        members: cols,
+        total,
+    })
+}
+
 /// Render the three core reports as canonical JSON for oracle diffing.
 ///
 /// Amounts are decimal strings (never floats, never locale-formatted), lines
@@ -507,6 +886,10 @@ pub struct CashFlowLine {
     pub label: String,
     /// Signed amount: positive = cash in, negative = cash out.
     pub amount: Decimal,
+    /// Code of the account the line is about, when it is about one (so a
+    /// renderer can relabel, e.g. a member's capital account by name).
+    #[serde(default)]
+    pub account: Option<String>,
 }
 
 /// Parameters for [`cash_flow`].
@@ -734,6 +1117,7 @@ pub fn cash_flow(
         target.push(CashFlowLine {
             label,
             amount: line,
+            account: Some(account.code.clone()),
         });
     }
 
@@ -796,6 +1180,7 @@ pub fn cash_flow(
             investing.push(CashFlowLine {
                 label: format!("Sale of fixed assets — {proceeds_label}"),
                 amount: proceeds,
+                account: ledger.chart().get(cost_acct).map(|a| a.code.clone()),
             });
             continue;
         }
@@ -805,6 +1190,7 @@ pub fn cash_flow(
                 investing.push(CashFlowLine {
                     label: format!("Purchase of fixed assets — {}", display(line.account)),
                     amount: -line.amount.amount,
+                    account: ledger.chart().get(line.account).map(|a| a.code.clone()),
                 });
             }
         }
@@ -815,6 +1201,7 @@ pub fn cash_flow(
         working_capital.push(CashFlowLine {
             label: "Less: gain on sale of fixed assets (in investing)".to_string(),
             amount: -disposal_gain_loss,
+            account: None,
         });
     }
 

crates/ledger-core/tests/statements.rs

@@ -18,10 +18,11 @@ use ledger_core::reports::{
     balance_sheet, balance_sheet_as_of, profit_and_loss, profit_and_loss_for_period,
 };
 use ledger_core::{
-    AccountId, AccountType, CashFlowParams, ClassId, Currency, Ledger, Money, Side, StatementLine,
-    cash_flow,
+    AccountId, AccountType, CashFlowParams, ClassId, Currency, Ledger, LedgerError, MemberCapital,
+    Money, Side, StatementLine, cash_flow, general_ledger, members_equity, trial_balance_as_of,
 };
 use rust_decimal::Decimal;
+use std::str::FromStr;
 
 fn d(m: u32, day: u32) -> NaiveDate {
     NaiveDate::from_ymd_opt(2026, m, day).unwrap()
@@ -265,3 +266,402 @@ fn cash_flow_lines_are_in_code_order() {
         );
     }
 }
+
+fn cents(s: &str) -> Decimal {
+    Decimal::from_str(s).unwrap()
+}
+
+#[test]
+fn trial_balance_is_as_of_the_date() {
+    let b = books(false);
+    // Jan 31: Dr cash 11,700 and rent 800; Cr capital 10,000 and revenue 2,500.
+    let tb = trial_balance_as_of(&b.ledger, d(1, 31));
+    let rows: Vec<(&str, Decimal, Decimal)> = tb
+        .lines
+        .iter()
+        .map(|l| (l.code.as_str(), l.debit, l.credit))
+        .collect();
+    assert_eq!(
+        rows,
+        [
+            ("1000", dec(11_700), dec(0)),
+            ("3000", dec(0), dec(10_000)),
+            ("4000", dec(0), dec(2_500)),
+            ("6100", dec(800), dec(0)),
+        ]
+    );
+    assert_eq!(
+        (tb.total_debits, tb.total_credits),
+        (dec(12_500), dec(12_500))
+    );
+}
+
+#[test]
+fn general_ledger_runs_balances_by_account() {
+    let b = books(false);
+    let gl = general_ledger(&b.ledger, d(2, 1), d(2, 28)).unwrap();
+    let codes: Vec<&str> = gl.accounts.iter().map(|a| a.code.as_str()).collect();
+    // Every account with a beginning balance or February activity, by code.
+    assert_eq!(codes, ["1000", "2000", "3000", "4000", "6000", "6100"]);
+
+    let cash = &gl.accounts[0];
+    assert_eq!(cash.beginning_balance, dec(11_700));
+    let p: Vec<(Decimal, Decimal, &str, Decimal)> = cash
+        .postings
+        .iter()
+        .map(|p| (p.debit, p.credit, p.split.as_str(), p.balance))
+        .collect();
+    assert_eq!(
+        p,
+        [
+            (dec(1_000), dec(0), "4000 Revenue", dec(12_700)),
+            (dec(0), dec(120), "2000 Card", dec(12_580)),
+        ]
+    );
+    assert_eq!(cash.ending_balance, dec(12_580));
+
+    // The card: borrowed 120, paid 120, back to zero (credit-normal).
+    let card = &gl.accounts[1];
+    assert_eq!(card.beginning_balance, dec(0));
+    assert_eq!(card.postings[0].balance, dec(120));
+    assert_eq!(card.ending_balance, dec(0));
+    // Capital: no February activity, still listed with its balance.
+    assert!(gl.accounts[2].postings.is_empty());
+    assert_eq!(gl.accounts[2].ending_balance, dec(10_000));
+
+    // Every ending balance ties to the trial balance as of the end.
+    let tb = trial_balance_as_of(&b.ledger, d(2, 28));
+    for a in &gl.accounts {
+        let tb_line = tb.lines.iter().find(|l| l.code == a.code);
+        let tb_amount = tb_line.map_or(Decimal::ZERO, |l| l.debit - l.credit);
+        let normal = match a.account_type {
+            AccountType::Asset | AccountType::Expense => a.ending_balance,
+            _ => -a.ending_balance,
+        };
+        assert_eq!(tb_amount, normal, "account {}", a.code);
+    }
+}
+
+#[test]
+fn general_ledger_marks_compound_entries_as_split() {
+    let mut l = Ledger::new(Currency::USD);
+    let cash = l
+        .add_account("1000", "Cash", AccountType::Asset, None, false)
+        .unwrap();
+    let card = l
+        .add_account("2000", "Card", AccountType::Liability, None, false)
+        .unwrap();
+    let soft = l
+        .add_account("6000", "Software", AccountType::Expense, None, false)
+        .unwrap();
+    // Dr software 100 / Cr cash 60 / Cr card 40: one debit, split credits.
+    let e = l.create_entry(d(3, 1), "Annual license, paid two ways");
+    l.add_line(e, soft, Side::Debit, usd(100)).unwrap();
+    l.add_line(e, cash, Side::Credit, usd(60)).unwrap();
+    l.add_line(e, card, Side::Credit, usd(40)).unwrap();
+    l.post_entry(e).unwrap();
+    let gl = general_ledger(&l, d(1, 1), d(12, 31)).unwrap();
+    let split_of = |code: &str| {
+        let a = gl.accounts.iter().find(|a| a.code == code).unwrap();
+        (a.postings[0].split.clone(), a.postings[0].entry_id)
+    };
+    // The debit side has two other accounts; each credit has one.
+    assert_eq!(split_of("6000"), ("-Split-".to_string(), e));
+    assert_eq!(split_of("1000"), ("6000 Software".to_string(), e));
+    assert_eq!(split_of("2000"), ("6000 Software".to_string(), e));
+}
+
+/// Two members, 50/50: Alice and Bob. January: Alice puts in 600, Bob 400;
+/// revenue 1,000; expense 333.33, so net income 666.67, which doesn't split
+/// evenly. February: Bob takes a 100 distribution; revenue 100.01.
+fn partnership(close_january: bool) -> (Ledger, Vec<MemberCapital>) {
+    let mut l = Ledger::new(Currency::USD);
+    let cash = l
+        .add_account("1000", "Cash", AccountType::Asset, None, false)
+        .unwrap();
+    let alice = l
+        .add_account("3000", "Capital — Alice", AccountType::Equity, None, false)
+        .unwrap();
+    let bob = l
+        .add_account("3001", "Capital — Bob", AccountType::Equity, None, false)
+        .unwrap();
+    let rev = l
+        .add_account("4000", "Revenue", AccountType::Revenue, None, false)
+        .unwrap();
+    let exp = l
+        .add_account("6000", "Expense", AccountType::Expense, None, false)
+        .unwrap();
+    let money = |s: &str| Money::new(cents(s), Currency::USD);
+    let post = |l: &mut Ledger, date, dr, cr, amt: &str| {
+        let e = l.create_entry(date, "x");
+        l.add_line(e, dr, Side::Debit, money(amt)).unwrap();
+        l.add_line(e, cr, Side::Credit, money(amt)).unwrap();
+        l.post_entry(e).unwrap();
+    };
+    post(&mut l, d(1, 2), cash, alice, "600");
+    post(&mut l, d(1, 2), cash, bob, "400");
+    post(&mut l, d(1, 10), cash, rev, "1000");
+    post(&mut l, d(1, 20), exp, cash, "333.33");
+    if close_january {
+        let jan = l.create_period("2026-01", d(1, 1), d(1, 31)).unwrap();
+        l.close_period(jan).unwrap();
+    }
+    post(&mut l, d(2, 5), bob, cash, "100");
+    post(&mut l, d(2, 9), cash, rev, "100.01");
+    let half = cents("0.5");
+    let members = vec![
+        MemberCapital {
+            name: "Alice".into(),
+            capital_account: alice,
+            share: half,
+        },
+        MemberCapital {
+            name: "Bob".into(),
+            capital_account: bob,
+            share: half,
+        },
+    ];
+    (l, members)
+}
+
+#[test]
+fn members_equity_rolls_capital_forward_and_ties_to_the_balance_sheet() {
+    for close in [false, true] {
+        let (l, members) = partnership(close);
+        // January: 666.67 splits 333.34 / 333.33 (half a cent rounds up for
+        // Alice; Bob gets the remainder so the total is exact).
+        let jan = members_equity(&l, d(1, 1), d(1, 31), &members).unwrap();
+        let row = |c: &ledger_core::MemberEquityColumn| {
+            (
+                c.beginning,
+                c.contributions,
+                c.net_income,
+                c.distributions,
+                c.ending,
+            )
+        };
+        assert_eq!(
+            row(&jan.members[0]),
+            (
+                cents("0"),
+                cents("600"),
+                cents("333.34"),
+                cents("0"),
+                cents("933.34")
+            )
+        );
+        assert_eq!(
+            row(&jan.members[1]),
+            (
+                cents("0"),
+                cents("400"),
+                cents("333.33"),
+                cents("0"),
+                cents("733.33")
+            )
+        );
+        assert_eq!(jan.total.ending, cents("1666.67"));
+        assert_eq!(
+            jan.total.ending,
+            balance_sheet_as_of(&l, d(1, 31)).unwrap().total_equity
+        );
+
+        // February begins where January ended, whether or not January was
+        // closed to retained earnings. 100.01 splits 50.01 / 50.00.
+        let feb = members_equity(&l, d(2, 1), d(2, 28), &members).unwrap();
+        assert_eq!(
+            row(&feb.members[0]),
+            (
+                cents("933.34"),
+                cents("0"),
+                cents("50.01"),
+                cents("0"),
+                cents("983.35")
+            )
+        );
+        assert_eq!(
+            row(&feb.members[1]),
+            (
+                cents("733.33"),
+                cents("0"),
+                cents("50.00"),
+                cents("100"),
+                cents("683.33")
+            )
+        );
+        assert_eq!(feb.total.ending, cents("1666.68"));
+        assert_eq!(
+            feb.total.ending,
+            balance_sheet_as_of(&l, d(2, 28)).unwrap().total_equity
+        );
+        assert!(
+            feb.members.iter().all(|m| m.other.is_zero()),
+            "close={close}"
+        );
+    }
+}
+
+#[test]
+fn members_must_be_configured_correctly() {
+    let (l, mut members) = partnership(false);
+    members[1].share = cents("0.4");
+    assert!(matches!(
+        members_equity(&l, d(1, 1), d(1, 31), &members),
+        Err(LedgerError::InvalidMembers(_))
+    ));
+    members[1].share = cents("0.5");
+    members[1].capital_account = members[0].capital_account;
+    assert!(matches!(
+        members_equity(&l, d(1, 1), d(1, 31), &members),
+        Err(LedgerError::InvalidMembers(_))
+    ));
+}
+
+#[test]
+fn cash_flow_lines_name_their_account() {
+    let (l, _) = partnership(false);
+    let cf = cash_flow(
+        &l,
+        &CashFlowParams {
+            start: d(1, 1),
+            end: d(12, 31),
+            cash_accounts: vec![1],
+            financing_accounts: vec![],
+        },
+    )
+    .unwrap();
+    let accounts: Vec<Option<&str>> = cf.financing.iter().map(|f| f.account.as_deref()).collect();
+    assert_eq!(accounts, [Some("3000"), Some("3001")]);
+}
+
+#[test]
+fn a_close_sweeps_only_through_the_period_end() {
+    // February is already posted when January closes: the close must take
+    // January's 2,500 revenue and 800 rent (net 1,700) and leave
+    // February's 1,000 revenue and 120 software open.
+    let mut b = books(false);
+    let jan = b
+        .ledger
+        .create_period("2026-01", d(1, 1), d(1, 31))
+        .unwrap();
+    let closing = b.ledger.close_period(jan).unwrap().unwrap();
+    let lines: Vec<(String, Side, Decimal)> = b
+        .ledger
+        .get_entry(closing)
+        .unwrap()
+        .lines()
+        .iter()
+        .map(|l| {
+            (
+                b.ledger.chart().get(l.account).unwrap().code.clone(),
+                l.side,
+                l.amount.amount,
+            )
+        })
+        .collect();
+    assert_eq!(
+        lines,
+        [
+            ("4000".to_string(), Side::Debit, dec(2_500)),
+            ("6100".to_string(), Side::Credit, dec(800)),
+            ("3999".to_string(), Side::Credit, dec(1_700)),
+        ]
+    );
+    let feb = profit_and_loss_for_period(&b.ledger, d(2, 1), d(2, 28), None).unwrap();
+    assert_eq!(feb.net_income(), dec(880));
+    let bs = balance_sheet_as_of(&b.ledger, d(2, 28)).unwrap();
+    assert_eq!(bs.current_earnings, dec(880));
+    assert_eq!(
+        bs.equity.last().unwrap(),
+        &line("3999", "Retained Earnings", 1_700)
+    );
+    assert!(bs.balanced());
+}
+
+#[test]
+fn periods_close_in_order() {
+    let mut b = books(false);
+    let jan = b
+        .ledger
+        .create_period("2026-01", d(1, 1), d(1, 31))
+        .unwrap();
+    let feb = b
+        .ledger
+        .create_period("2026-02", d(2, 1), d(2, 28))
+        .unwrap();
+    b.ledger.close_period(feb).unwrap();
+    // February swept everything through Feb 28, January included.
+    assert!(matches!(
+        b.ledger.close_period(jan),
+        Err(LedgerError::CloseOutOfOrder(j, f)) if j == jan && f == feb
+    ));
+}
+
+#[test]
+fn a_partnership_closes_into_members_capital() {
+    let (mut l, members) = partnership(false);
+    let to = ledger_core::CloseTo::Members(
+        members
+            .iter()
+            .map(|m| (m.capital_account, m.share))
+            .collect(),
+    );
+    let jan = l.create_period("2026-01", d(1, 1), d(1, 31)).unwrap();
+    l.close_period_to(jan, &to).unwrap();
+    // January earned 666.67: Alice's capital gets 333.34, Bob's 333.33,
+    // and there is no Retained Earnings account at all.
+    assert!(l.chart().find_by_code("3999").is_none());
+    let bs = balance_sheet_as_of(&l, d(1, 31)).unwrap();
+    let capital: Vec<Decimal> = bs.equity.iter().map(|e| e.amount).collect();
+    assert_eq!(capital, [cents("933.34"), cents("733.33")]);
+    assert_eq!(bs.current_earnings, Decimal::ZERO);
+
+    // The statement still reads: contributions are contributions (the
+    // close is income, not a contribution), and February starts where
+    // January ended.
+    let row = |c: &ledger_core::MemberEquityColumn| {
+        (
+            c.beginning,
+            c.contributions,
+            c.net_income,
+            c.distributions,
+            c.ending,
+        )
+    };
+    let jan_me = members_equity(&l, d(1, 1), d(1, 31), &members).unwrap();
+    assert_eq!(
+        row(&jan_me.members[0]),
+        (
+            cents("0"),
+            cents("600"),
+            cents("333.34"),
+            cents("0"),
+            cents("933.34")
+        )
+    );
+    assert_eq!(
+        row(&jan_me.members[1]),
+        (
+            cents("0"),
+            cents("400"),
+            cents("333.33"),
+            cents("0"),
+            cents("733.33")
+        )
+    );
+    let feb_me = members_equity(&l, d(2, 1), d(2, 28), &members).unwrap();
+    assert_eq!(feb_me.members[0].beginning, cents("933.34"));
+    assert_eq!(feb_me.members[1].ending, cents("683.33"));
+    assert_eq!(
+        feb_me.total.ending,
+        balance_sheet_as_of(&l, d(2, 28)).unwrap().total_equity
+    );
+
+    // Shares must still add up.
+    let feb = l.create_period("2026-02", d(2, 1), d(2, 28)).unwrap();
+    let bad = ledger_core::CloseTo::Members(vec![(members[0].capital_account, cents("0.5"))]);
+    assert!(matches!(
+        l.close_period_to(feb, &bad),
+        Err(LedgerError::InvalidMembers(_))
+    ));
+}

crates/ledger-import/Cargo.toml

@@ -14,7 +14,6 @@ thiserror = "2"
 rust_xlsxwriter = "0.90"
 typst-as-lib = { version = "0.17", default-features = false }
 typst-pdf = "0.15.1"
-typst-assets = { version = "0.15.1", features = ["fonts"] }
 typst = "0.15.1"
 serde_json = "1"
 typst-layout = "0.15.1"

crates/ledger-import/fonts/Inter-LICENSE.txt

@@ -0,0 +1,92 @@
+Copyright (c) 2016 The Inter Project Authors (https://github.com/rsms/inter)
+
+This Font Software is licensed under the SIL Open Font License, Version 1.1.
+This license is copied below, and is also available with a FAQ at:
+http://scripts.sil.org/OFL
+
+-----------------------------------------------------------
+SIL OPEN FONT LICENSE Version 1.1 - 26 February 2007
+-----------------------------------------------------------
+
+PREAMBLE
+The goals of the Open Font License (OFL) are to stimulate worldwide
+development of collaborative font projects, to support the font creation
+efforts of academic and linguistic communities, and to provide a free and
+open framework in which fonts may be shared and improved in partnership
+with others.
+
+The OFL allows the licensed fonts to be used, studied, modified and
+redistributed freely as long as they are not sold by themselves. The
+fonts, including any derivative works, can be bundled, embedded,
+redistributed and/or sold with any software provided that any reserved
+names are not used by derivative works. The fonts and derivatives,
+however, cannot be released under any other type of license. The
+requirement for fonts to remain under this license does not apply
+to any document created using the fonts or their derivatives.
+
+DEFINITIONS
+"Font Software" refers to the set of files released by the Copyright
+Holder(s) under this license and clearly marked as such. This may
+include source files, build scripts and documentation.
+
+"Reserved Font Name" refers to any names specified as such after the
+copyright statement(s).
+
+"Original Version" refers to the collection of Font Software components as
+distributed by the Copyright Holder(s).
+
+"Modified Version" refers to any derivative made by adding to, deleting,
+or substituting -- in part or in whole -- any of the components of the
+Original Version, by changing formats or by porting the Font Software to a
+new environment.
+
+"Author" refers to any designer, engineer, programmer, technical
+writer or other person who contributed to the Font Software.
+
+PERMISSION AND CONDITIONS
+Permission is hereby granted, free of charge, to any person obtaining
+a copy of the Font Software, to use, study, copy, merge, embed, modify,
+redistribute, and sell modified and unmodified copies of the Font
+Software, subject to the following conditions:
+
+1) Neither the Font Software nor any of its individual components,
+in Original or Modified Versions, may be sold by itself.
+
+2) Original or Modified Versions of the Font Software may be bundled,
+redistributed and/or sold with any software, provided that each copy
+contains the above copyright notice and this license. These can be
+included either as stand-alone text files, human-readable headers or
+in the appropriate machine-readable metadata fields within text or
+binary files as long as those fields can be easily viewed by the user.
+
+3) No Modified Version of the Font Software may use the Reserved Font
+Name(s) unless explicit written permission is granted by the corresponding
+Copyright Holder. This restriction only applies to the primary font name as
+presented to the users.
+
+4) The name(s) of the Copyright Holder(s) or the Author(s) of the Font
+Software shall not be used to promote, endorse or advertise any
+Modified Version, except to acknowledge the contribution(s) of the
+Copyright Holder(s) and the Author(s) or with their explicit written
+permission.
+
+5) The Font Software, modified or unmodified, in part or in whole,
+must be distributed entirely under this license, and must not be
+distributed under any other license. The requirement for fonts to
+remain under this license does not apply to any document created
+using the Font Software.
+
+TERMINATION
+This license becomes null and void if any of the above conditions are
+not met.
+
+DISCLAIMER
+THE FONT SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND,
+EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY WARRANTIES OF
+MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT
+OF COPYRIGHT, PATENT, TRADEMARK, OR OTHER RIGHT. IN NO EVENT SHALL THE
+COPYRIGHT HOLDER BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY,
+INCLUDING ANY GENERAL, SPECIAL, INDIRECT, INCIDENTAL, OR CONSEQUENTIAL
+DAMAGES, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING
+FROM, OUT OF THE USE OR INABILITY TO USE THE FONT SOFTWARE OR FROM
+OTHER DEALINGS IN THE FONT SOFTWARE.

crates/ledger-import/src/lib.rs

@@ -20,5 +20,5 @@ pub use bank_csv::{BankTransaction, parse_bank_csv};
 pub use chart_csv::{ChartRow, parse_chart_csv};
 pub use iif::{IifEntry, journal_to_iif};
 pub use pdf::{PdfError, statement_pdf};
-pub use report::{ReportMeta, Row, RowKind, Statement, format_amount};
+pub use report::{Member, ReportMeta, Row, RowKind, Statement, YearEarnings, format_amount};
 pub use xlsx::{XlsxReport, report_to_xlsx};

crates/ledger-import/src/pdf.rs

@@ -4,9 +4,10 @@
 //! rows to `templates/statement.typ` as JSON data (`sys.inputs.data`) and
 //! renders the PDF. Amounts arrive already split by
 //! [`crate::report::amount_parts`] — Typst never does arithmetic on money,
-//! and labels are data, never markup. Fonts are bundled (`typst-assets`),
-//! so output doesn't depend on what's installed, and it is deterministic:
-//! the same statement renders to the same bytes.
+//! and labels are data, never markup. The font (Inter, SIL OFL 1.1; see
+//! `fonts/Inter-LICENSE.txt`) is bundled, so output doesn't depend on
+//! what's installed, and it is deterministic: the same statement and
+//! report metadata render to the same bytes.
 
 use crate::report::{ReportMeta, RowKind, Statement, amount_parts};
 use std::sync::OnceLock;
@@ -27,6 +28,11 @@ pub enum PdfError {
 }
 
 static TEMPLATE: &str = include_str!("../templates/statement.typ");
+static INTER: [&[u8]; 3] = [
+    include_bytes!("../fonts/Inter-Regular.ttf"),
+    include_bytes!("../fonts/Inter-SemiBold.ttf"),
+    include_bytes!("../fonts/Inter-Bold.ttf"),
+];
 
 /// The engine, built once: parsing the bundled fonts is the expensive part.
 fn engine() -> &'static TypstEngine<TypstTemplateMainFile> {
@@ -34,15 +40,17 @@ fn engine() -> &'static TypstEngine<TypstTemplateMainFile> {
     ENGINE.get_or_init(|| {
         TypstEngine::builder()
             .main_file(TEMPLATE)
-            .fonts(typst_assets::fonts())
+            .fonts(INTER)
             .build()
     })
 }
 
-/// The template's input: the statement with every amount formatted.
+/// The template's input: the statement with every amount split for
+/// alignment.
 pub fn template_data(st: &Statement, meta: &ReportMeta) -> serde_json::Value {
     let kind = |k: RowKind| match k {
         RowKind::Section => "section",
+        RowKind::Subheading => "subheading",
         RowKind::Line => "line",
         RowKind::Subtotal => "subtotal",
         RowKind::Total => "total",
@@ -52,20 +60,17 @@ pub fn template_data(st: &Statement, meta: &ReportMeta) -> serde_json::Value {
         "company": meta.company,
         "title": st.title,
         "period": st.period,
-        "footer": format!("Prepared from journal through seq {}", meta.journal_seq),
+        "footer": meta.footer(),
+        "columns": st.columns,
         "rows": st.rows.iter().map(|r| serde_json::json!({
             "kind": kind(r.kind),
             "label": r.label,
             "rule": r.rule_above,
-            "amount": r.amount.map(|a| {
+            "currency": r.currency,
+            "amounts": r.amounts.iter().map(|a| a.map(|a| {
                 let p = amount_parts(a);
-                serde_json::json!({
-                    "digits": p.digits,
-                    "negative": p.negative,
-                    "zero": p.zero,
-                    "currency": r.currency,
-                })
-            }),
+                serde_json::json!({ "digits": p.digits, "negative": p.negative })
+            })).collect::<Vec<_>>(),
         })).collect::<Vec<_>>(),
     })
 }
@@ -101,6 +106,8 @@ mod tests {
     fn meta() -> ReportMeta {
         ReportMeta {
             company: "Test Co".to_string(),
+            basis: "Accrual".to_string(),
+            prepared_on: NaiveDate::from_ymd_opt(2026, 10, 11).unwrap(),
             journal_seq: 42,
         }
     }
@@ -127,6 +134,7 @@ mod tests {
     /// The exact data the template typesets: hand-checked, like a golden.
     #[test]
     fn template_data_is_exact() {
+        let amt = |digits: &str, negative: bool| serde_json::json!([{"digits": digits, "negative": negative}]);
         let data = template_data(&profit_and_loss(&pl()), &meta());
         assert_eq!(
             data,
@@ -134,22 +142,18 @@ mod tests {
                 "company": "Test Co",
                 "title": "Profit and Loss",
                 "period": "October 4 – October 11, 2026",
-                "footer": "Prepared from journal through seq 42",
+                "footer": "Accrual basis · Prepared Sunday, October 11, 2026 · Journal seq 42",
+                "columns": ["Total"],
                 "rows": [
-                    {"kind": "section", "label": "Revenue", "rule": false, "amount": null},
-                    {"kind": "subtotal", "label": "Total revenue", "rule": false, "amount":
-                        {"digits": "", "negative": false, "zero": true, "currency": true}},
-                    {"kind": "spacer", "label": "", "rule": false, "amount": null},
-                    {"kind": "section", "label": "Expenses", "rule": false, "amount": null},
-                    {"kind": "line", "label": "6000 Organizational Costs", "rule": false, "amount":
-                        {"digits": "59.00", "negative": false, "zero": false, "currency": true}},
-                    {"kind": "line", "label": "6400 Memberships & Licenses", "rule": false, "amount":
-                        {"digits": "106.38", "negative": false, "zero": false, "currency": false}},
-                    {"kind": "subtotal", "label": "Total expenses", "rule": true, "amount":
-                        {"digits": "165.38", "negative": false, "zero": false, "currency": true}},
-                    {"kind": "spacer", "label": "", "rule": false, "amount": null},
-                    {"kind": "total", "label": "Net income", "rule": true, "amount":
-                        {"digits": "165.38", "negative": true, "zero": false, "currency": true}},
+                    {"kind": "section", "label": "Revenue", "rule": false, "currency": false, "amounts": []},
+                    {"kind": "subtotal", "label": "Total revenue", "rule": false, "currency": true, "amounts": amt("0.00", false)},
+                    {"kind": "spacer", "label": "", "rule": false, "currency": false, "amounts": []},
+                    {"kind": "section", "label": "Expenses", "rule": false, "currency": false, "amounts": []},
+                    {"kind": "line", "label": "6000 Organizational Costs", "rule": false, "currency": false, "amounts": amt("59.00", false)},
+                    {"kind": "line", "label": "6400 Memberships & Licenses", "rule": false, "currency": false, "amounts": amt("106.38", false)},
+                    {"kind": "subtotal", "label": "Total expenses", "rule": true, "currency": true, "amounts": amt("165.38", false)},
+                    {"kind": "spacer", "label": "", "rule": false, "currency": false, "amounts": []},
+                    {"kind": "total", "label": "Net income (loss)", "rule": true, "currency": true, "amounts": amt("165.38", true)},
                 ],
             })
         );
@@ -172,7 +176,7 @@ mod tests {
             .map(|i| Row {
                 kind: RowKind::Line,
                 label: format!("#{i} *not bold* $x$ <label> @ref [link] \\ #panic()"),
-                amount: Some(Decimal::new(i, 0)),
+                amounts: vec![Some(Decimal::new(i, 0))],
                 currency: false,
                 rule_above: false,
             })

crates/ledger-import/src/report.rs

@@ -1,13 +1,21 @@
 //! The presentation model every statement renderer (XLSX, PDF) draws from.
 //!
-//! Core computes the statements; this module lays them out as rows —
-//! sections, account lines, subtotals, totals — once, so the formats can't
-//! drift apart. Amounts stay exact `Decimal`s here; [`format_amount`] is the
-//! one place they become text ("1,234.56", "(207.68)").
+//! Core computes the statements; this module lays them out once — title,
+//! period, column headers, and rows (sections, account lines, subtotals,
+//! totals) — so the formats can't drift apart. Amounts stay exact
+//! `Decimal`s here; [`format_amount`] and [`amount_parts`] are the only
+//! places they become text.
+//!
+//! Presentation follows US small-business convention (QuickBooks-style):
+//! a currency sign on subtotals and totals, a rule above every sum, a
+//! double rule under statement totals, "Net income (loss)", and — for a
+//! multi-member LLC — "Members' equity" with each member named.
 
-use chrono::NaiveDate;
+use chrono::{Datelike, NaiveDate};
+use ledger_core::RETAINED_EARNINGS_CODE;
 use ledger_core::reports::{
-    BalanceSheetStatement, CashFlowLine, CashFlowStatement, ProfitAndLossStatement, StatementLine,
+    BalanceSheetStatement, CashFlowLine, CashFlowStatement, MembersEquityStatement,
+    ProfitAndLossStatement, StatementLine, TrialBalance,
 };
 use rust_decimal::Decimal;
 use serde::Serialize;
@@ -17,21 +25,49 @@ use serde::Serialize;
 pub struct ReportMeta {
     /// Company name for the header, e.g. "Wanderland Labs LLC".
     pub company: String,
+    /// Accounting basis for the footer: "Accrual" or "Cash".
+    pub basis: String,
+    /// The day the report was prepared.
+    pub prepared_on: NaiveDate,
     /// Sequence number of the last journal line the report reflects.
     pub journal_seq: u64,
 }
 
+impl ReportMeta {
+    /// "Accrual basis · Prepared Sunday, October 11, 2026 · Journal seq 114".
+    pub fn footer(&self) -> String {
+        format!(
+            "{} basis · Prepared {}, {} · Journal seq {}",
+            self.basis,
+            self.prepared_on.format("%A"),
+            long_date(self.prepared_on),
+            self.journal_seq
+        )
+    }
+}
+
+/// A member of a multi-member LLC, for naming capital accounts on reports.
+#[derive(Clone, Debug)]
+pub struct Member {
+    /// The member's name.
+    pub name: String,
+    /// Code of their capital account.
+    pub capital_code: String,
+}
+
 /// What a row is, which decides how renderers style it.
 #[derive(Clone, Copy, Debug, PartialEq, Eq, Serialize)]
 #[serde(rename_all = "snake_case")]
 pub enum RowKind {
-    /// A section heading ("Revenue"); no amount.
+    /// A section heading ("Revenue"); no amounts.
     Section,
-    /// One account or one cash-flow line, indented under its section.
+    /// An explanatory heading inside a section; no amounts.
+    Subheading,
+    /// One account or one flow, indented under its section.
     Line,
     /// A section total ("Total revenue").
     Subtotal,
-    /// A statement total ("Net income").
+    /// A statement total ("Net income (loss)"); double rule beneath.
     Total,
     /// Vertical space between sections.
     Spacer,
@@ -44,243 +80,322 @@ pub struct Row {
     pub kind: RowKind,
     /// Label text.
     pub label: String,
-    /// Amount, when the row has one.
-    pub amount: Option<Decimal>,
-    /// Print a currency sign with the amount: US accounting style puts "$"
-    /// on the first amount under each section heading and on every
-    /// subtotal and total.
+    /// One amount per column; `None` leaves the cell blank.
+    pub amounts: Vec<Option<Decimal>>,
+    /// Print the currency sign with the amounts: subtotals and totals.
     pub currency: bool,
-    /// Draw a single rule above the amount: the "sum of the above" line.
-    /// Totals always have one; a subtotal only when amounts sit above it
-    /// (an empty section gets no rule over nothing).
+    /// Draw a rule above the row: the "sum of the above" line. Totals
+    /// always have one; a subtotal only when amounts sit above it.
     pub rule_above: bool,
 }
 
 /// A laid-out financial statement.
 #[derive(Clone, Debug, Serialize)]
 pub struct Statement {
-    /// "Profit and Loss", "Balance Sheet", "Statement of Cash Flows".
+    /// "Profit and Loss", "Balance Sheet", ...
     pub title: String,
     /// "October 4 – October 11, 2026" or "As of October 11, 2026".
     pub period: String,
+    /// Amount column headings ("Total"; "Debit", "Credit"; member names).
+    pub columns: Vec<String>,
     /// The rows, top to bottom.
     pub rows: Vec<Row>,
 }
 
-fn row(kind: RowKind, label: impl Into<String>, amount: Option<Decimal>) -> Row {
+fn row(kind: RowKind, label: impl Into<String>, amounts: Vec<Option<Decimal>>) -> Row {
     Row {
         kind,
         label: label.into(),
-        amount,
+        amounts,
         currency: false,
         rule_above: false,
     }
 }
 
-/// Finish a statement: mark which amounts carry the currency sign and which
-/// get a rule above.
-fn statement(title: &str, period: String, mut rows: Vec<Row>) -> Statement {
-    let mut first_in_section = true;
+fn one(kind: RowKind, label: impl Into<String>, amount: Decimal) -> Row {
+    row(kind, label, vec![Some(amount)])
+}
+
+fn section(label: &str) -> Row {
+    row(RowKind::Section, label, vec![])
+}
+
+fn subheading(label: &str) -> Row {
+    row(RowKind::Subheading, label, vec![])
+}
+
+fn spacer() -> Row {
+    row(RowKind::Spacer, "", vec![])
+}
+
+/// Finish a statement: currency signs on sums, rules above them.
+fn statement(title: &str, period: String, columns: &[&str], mut rows: Vec<Row>) -> Statement {
     let mut above: Option<RowKind> = None;
     for r in &mut rows {
+        r.currency = matches!(r.kind, RowKind::Subtotal | RowKind::Total);
         r.rule_above = match r.kind {
             RowKind::Total => true,
             RowKind::Subtotal => matches!(above, Some(RowKind::Line | RowKind::Subtotal)),
             _ => false,
         };
-        if r.kind != RowKind::Spacer {
+        if !matches!(r.kind, RowKind::Spacer | RowKind::Subheading) {
             above = Some(r.kind);
         }
-        match r.kind {
-            RowKind::Section => first_in_section = true,
-            RowKind::Subtotal | RowKind::Total => r.currency = true,
-            RowKind::Line if r.amount.is_some() && first_in_section => {
-                r.currency = true;
-                first_in_section = false;
-            }
-            RowKind::Line | RowKind::Spacer => {}
-        }
     }
     Statement {
         title: title.to_string(),
         period,
+        columns: columns.iter().map(|c| c.to_string()).collect(),
         rows,
     }
 }
 
-/// An amount split for column alignment: the digits, and whether it is a
-/// negative (printed in parentheses) or zero (printed as a dash). Renderers
-/// right-align `digits` and reserve the closing parenthesis's width on every
-/// row, so decimal points line up whether or not a value is negative.
-#[derive(Clone, Debug, PartialEq, Eq, Serialize)]
-pub struct AmountParts {
-    /// "1,234.56" — absolute value, grouped, two decimals. Empty for zero.
-    pub digits: String,
-    /// Below zero.
-    pub negative: bool,
-    /// Exactly zero (after rounding to cents).
-    pub zero: bool,
-}
-
-/// Split an amount for aligned accounting display. Exact: no floats.
-pub fn amount_parts(d: Decimal) -> AmountParts {
-    let rounded = d.round_dp(2);
-    if rounded.is_zero() {
-        return AmountParts {
-            digits: String::new(),
-            negative: false,
-            zero: true,
-        };
-    }
-    let text = format_amount(rounded.abs());
-    AmountParts {
-        digits: text,
-        negative: rounded.is_sign_negative(),
-        zero: false,
-    }
-}
-
-fn section(label: &str) -> Row {
-    row(RowKind::Section, label, None)
-}
-
-fn spacer() -> Row {
-    row(RowKind::Spacer, "", None)
-}
-
 fn account_lines(lines: &[StatementLine]) -> impl Iterator<Item = Row> + '_ {
-    lines.iter().map(|l| {
-        row(
-            RowKind::Line,
-            format!("{} {}", l.code, l.name),
-            Some(l.amount),
-        )
-    })
-}
-
-fn flow_lines(lines: &[CashFlowLine]) -> impl Iterator<Item = Row> + '_ {
     lines
         .iter()
-        .map(|l| row(RowKind::Line, l.label.clone(), Some(l.amount)))
+        .map(|l| one(RowKind::Line, format!("{} {}", l.code, l.name), l.amount))
 }
 
 /// Lay out a profit and loss statement.
 pub fn profit_and_loss(pl: &ProfitAndLossStatement) -> Statement {
     let mut rows = vec![section("Revenue")];
     rows.extend(account_lines(&pl.revenue));
-    rows.push(row(
-        RowKind::Subtotal,
-        "Total revenue",
-        Some(pl.total_revenue),
-    ));
+    rows.push(one(RowKind::Subtotal, "Total revenue", pl.total_revenue));
     rows.push(spacer());
     rows.push(section("Expenses"));
     rows.extend(account_lines(&pl.expenses));
-    rows.push(row(
-        RowKind::Subtotal,
-        "Total expenses",
-        Some(pl.total_expenses),
-    ));
+    rows.push(one(RowKind::Subtotal, "Total expenses", pl.total_expenses));
     rows.push(spacer());
-    rows.push(row(RowKind::Total, "Net income", Some(pl.net_income())));
-    statement("Profit and Loss", period_label(pl.start, pl.end), rows)
-}
-
-/// Lay out a balance sheet.
-pub fn balance_sheet(bs: &BalanceSheetStatement) -> Statement {
-    let mut rows = vec![section("Assets")];
-    rows.extend(account_lines(&bs.assets));
-    rows.push(row(
-        RowKind::Subtotal,
-        "Total assets",
-        Some(bs.total_assets),
-    ));
-    rows.push(spacer());
-    rows.push(section("Liabilities"));
-    rows.extend(account_lines(&bs.liabilities));
-    rows.push(row(
-        RowKind::Subtotal,
-        "Total liabilities",
-        Some(bs.total_liabilities),
-    ));
-    rows.push(spacer());
-    rows.push(section("Equity"));
-    rows.extend(account_lines(&bs.equity));
-    rows.push(row(
-        RowKind::Line,
-        "Current earnings",
-        Some(bs.current_earnings),
-    ));
-    rows.push(row(
-        RowKind::Subtotal,
-        "Total equity",
-        Some(bs.total_equity),
-    ));
-    rows.push(spacer());
-    rows.push(row(
-        RowKind::Total,
-        "Total liabilities and equity",
-        Some(bs.total_liabilities + bs.total_equity),
-    ));
+    rows.push(one(RowKind::Total, "Net income (loss)", pl.net_income()));
     statement(
-        "Balance Sheet",
-        format!("As of {}", long_date(bs.as_of)),
+        "Profit and Loss",
+        period_label(pl.start, pl.end),
+        &["Total"],
         rows,
     )
 }
 
-/// Lay out a cash flow statement (indirect method).
-pub fn cash_flow(cf: &CashFlowStatement) -> Statement {
-    let mut rows = vec![section("Operating activities")];
-    rows.push(row(RowKind::Line, "Net income", Some(cf.net_income)));
-    if !cf.depreciation.is_zero() {
-        rows.push(row(
+/// The fiscal year's earnings, as the balance sheet presents them.
+#[derive(Clone, Copy, Debug)]
+pub struct YearEarnings {
+    /// Net income (loss) for the fiscal year through the as-of date.
+    pub net_income_ytd: Decimal,
+    /// The part of it not yet closed into equity accounts.
+    pub unclosed: Decimal,
+}
+
+/// Lay out a balance sheet.
+///
+/// Without members (corporate convention), equity ends with "Retained
+/// earnings" — the Retained Earnings account plus earlier years' earnings
+/// not yet closed — and the fiscal year's "Net income (loss)".
+///
+/// With members (a partnership), each member's capital account already
+/// carries the earnings closed into it, so equity ends with only what
+/// hasn't been allocated: "Undistributed earnings, prior years" (if any)
+/// and this year's unclosed "Net income (loss)". Equity is "Members'
+/// equity".
+pub fn balance_sheet(
+    bs: &BalanceSheetStatement,
+    earnings: YearEarnings,
+    members: &[Member],
+) -> Statement {
+    let equity_name = if members.is_empty() {
+        "Equity"
+    } else {
+        "Members' equity"
+    };
+    let mut rows = vec![section("Assets")];
+    rows.extend(account_lines(&bs.assets));
+    rows.push(one(RowKind::Subtotal, "Total assets", bs.total_assets));
+    rows.push(spacer());
+    rows.push(section("Liabilities"));
+    rows.extend(account_lines(&bs.liabilities));
+    rows.push(one(
+        RowKind::Subtotal,
+        "Total liabilities",
+        bs.total_liabilities,
+    ));
+    rows.push(spacer());
+    rows.push(section(equity_name));
+    if members.is_empty() {
+        let (retained, other): (Vec<_>, Vec<_>) = bs
+            .equity
+            .iter()
+            .partition(|l| l.code == RETAINED_EARNINGS_CODE);
+        rows.extend(
+            other
+                .iter()
+                .map(|l| one(RowKind::Line, format!("{} {}", l.code, l.name), l.amount)),
+        );
+        let retained: Decimal = retained.iter().map(|l| l.amount).sum::<Decimal>()
+            + bs.current_earnings
+            - earnings.net_income_ytd;
+        if !retained.is_zero() {
+            rows.push(one(RowKind::Line, "Retained earnings", retained));
+        }
+        rows.push(one(
             RowKind::Line,
-            "Depreciation (non-cash)",
-            Some(cf.depreciation),
+            "Net income (loss)",
+            earnings.net_income_ytd,
+        ));
+    } else {
+        rows.extend(account_lines(&bs.equity));
+        let prior = bs.current_earnings - earnings.unclosed;
+        if !prior.is_zero() {
+            rows.push(one(
+                RowKind::Line,
+                "Undistributed earnings, prior years",
+                prior,
+            ));
+        }
+        rows.push(one(RowKind::Line, "Net income (loss)", earnings.unclosed));
+    }
+    rows.push(one(
+        RowKind::Subtotal,
+        format!("Total {}", equity_name.to_lowercase()),
+        bs.total_equity,
+    ));
+    rows.push(spacer());
+    rows.push(one(
+        RowKind::Total,
+        format!("Total liabilities and {}", equity_name.to_lowercase()),
+        bs.total_liabilities + bs.total_equity,
+    ));
+    statement(
+        "Balance Sheet",
+        format!("As of {}", long_date(bs.as_of)),
+        &["Total"],
+        rows,
+    )
+}
+
+/// Cash flow lines, naming members on their capital accounts.
+fn flow_lines<'a>(
+    lines: &'a [CashFlowLine],
+    members: &'a [Member],
+) -> impl Iterator<Item = Row> + 'a {
+    lines.iter().map(move |l| {
+        let member = members
+            .iter()
+            .find(|m| l.account.as_deref() == Some(m.capital_code.as_str()));
+        let label = match member {
+            Some(m) if l.amount >= Decimal::ZERO => format!("Member contributions — {}", m.name),
+            Some(m) => format!("Member distributions — {}", m.name),
+            None => l.label.clone(),
+        };
+        one(RowKind::Line, label, l.amount)
+    })
+}
+
+/// Lay out a cash flow statement (indirect method).
+pub fn cash_flow(cf: &CashFlowStatement, members: &[Member]) -> Statement {
+    let mut rows = vec![section("Operating activities")];
+    rows.push(one(RowKind::Line, "Net income (loss)", cf.net_income));
+    if !cf.depreciation.is_zero() || !cf.working_capital.is_empty() {
+        rows.push(subheading(
+            "Adjustments to reconcile net income (loss) to net cash from operating activities:",
         ));
     }
-    rows.extend(flow_lines(&cf.working_capital));
-    rows.push(row(
+    if !cf.depreciation.is_zero() {
+        rows.push(one(RowKind::Line, "Depreciation", cf.depreciation));
+    }
+    rows.extend(flow_lines(&cf.working_capital, members));
+    rows.push(one(
         RowKind::Subtotal,
         "Net cash from operating activities",
-        Some(cf.cash_from_operations),
+        cf.cash_from_operations,
     ));
     rows.push(spacer());
     rows.push(section("Investing activities"));
-    rows.extend(flow_lines(&cf.investing));
-    rows.push(row(
+    rows.extend(flow_lines(&cf.investing, members));
+    rows.push(one(
         RowKind::Subtotal,
         "Net cash from investing activities",
-        Some(cf.cash_from_investing),
+        cf.cash_from_investing,
     ));
     rows.push(spacer());
     rows.push(section("Financing activities"));
-    rows.extend(flow_lines(&cf.financing));
-    rows.push(row(
+    rows.extend(flow_lines(&cf.financing, members));
+    rows.push(one(
         RowKind::Subtotal,
         "Net cash from financing activities",
-        Some(cf.cash_from_financing),
+        cf.cash_from_financing,
     ));
     rows.push(spacer());
-    rows.push(row(
+    rows.push(one(
         RowKind::Subtotal,
-        "Net change in cash",
-        Some(cf.net_change_in_cash),
+        "Net increase (decrease) in cash",
+        cf.net_change_in_cash,
     ));
-    rows.push(row(
+    rows.push(one(
         RowKind::Line,
         "Cash at beginning of period",
-        Some(cf.cash_beginning),
-    ));
-    rows.push(row(
-        RowKind::Total,
-        "Cash at end of period",
-        Some(cf.cash_ending),
+        cf.cash_beginning,
     ));
+    rows.push(one(RowKind::Total, "Cash at end of period", cf.cash_ending));
     statement(
         "Statement of Cash Flows",
         period_label(cf.start, cf.end),
+        &["Total"],
+        rows,
+    )
+}
+
+/// Lay out a trial balance as of a date: Debit and Credit columns, a zero
+/// side left blank.
+pub fn trial_balance(tb: &TrialBalance, as_of: NaiveDate) -> Statement {
+    let nz = |d: Decimal| if d.is_zero() { None } else { Some(d) };
+    let mut rows: Vec<Row> = tb
+        .lines
+        .iter()
+        .map(|l| {
+            row(
+                RowKind::Line,
+                format!("{} {}", l.code, l.name),
+                vec![nz(l.debit), nz(l.credit)],
+            )
+        })
+        .collect();
+    rows.push(row(
+        RowKind::Total,
+        "Total",
+        vec![Some(tb.total_debits), Some(tb.total_credits)],
+    ));
+    statement(
+        "Trial Balance",
+        format!("As of {}", long_date(as_of)),
+        &["Debit", "Credit"],
+        rows,
+    )
+}
+
+/// Lay out the statement of changes in members' equity: one column per
+/// member and a total. Distributions print as reductions.
+pub fn members_equity(me: &MembersEquityStatement) -> Statement {
+    let cols: Vec<_> = me
+        .members
+        .iter()
+        .chain(std::iter::once(&me.total))
+        .collect();
+    let pick = |f: &dyn Fn(&ledger_core::MemberEquityColumn) -> Decimal| {
+        cols.iter().map(|c| Some(f(c))).collect::<Vec<_>>()
+    };
+    let mut rows = vec![
+        row(RowKind::Line, "Beginning balance", pick(&|c| c.beginning)),
+        row(RowKind::Line, "Contributions", pick(&|c| c.contributions)),
+        row(RowKind::Line, "Net income (loss)", pick(&|c| c.net_income)),
+        row(RowKind::Line, "Distributions", pick(&|c| -c.distributions)),
+    ];
+    if !me.total.other.is_zero() {
+        rows.push(row(RowKind::Line, "Other changes", pick(&|c| c.other)));
+    }
+    rows.push(row(RowKind::Total, "Ending balance", pick(&|c| c.ending)));
+    let names: Vec<&str> = cols.iter().map(|c| c.name.as_str()).collect();
+    statement(
+        "Statement of Changes in Members' Equity",
+        period_label(me.start, me.end),
+        &names,
         rows,
     )
 }
@@ -292,7 +407,6 @@ pub fn long_date(d: NaiveDate) -> String {
 
 /// "October 4 – October 11, 2026", or with both years when they differ.
 pub fn period_label(start: NaiveDate, end: NaiveDate) -> String {
-    use chrono::Datelike;
     if start.year() == end.year() {
         format!("{} – {}", start.format("%B %-d"), long_date(end))
     } else {
@@ -320,6 +434,27 @@ pub fn format_amount(d: Decimal) -> String {
     }
 }
 
+/// An amount split for column alignment: the digits, and whether it is a
+/// negative (printed in parentheses) or zero (printed as 0.00). Renderers
+/// right-align `digits` and reserve the closing parenthesis's width on every
+/// row, so decimal points line up whether or not a value is negative.
+#[derive(Clone, Debug, PartialEq, Eq, Serialize)]
+pub struct AmountParts {
+    /// "1,234.56" — absolute value, grouped, two decimals.
+    pub digits: String,
+    /// Below zero.
+    pub negative: bool,
+}
+
+/// Split an amount for aligned accounting display. Exact: no floats.
+pub fn amount_parts(d: Decimal) -> AmountParts {
+    let rounded = d.round_dp(2);
+    AmountParts {
+        digits: format_amount(rounded.abs()),
+        negative: rounded.is_sign_negative() && !rounded.is_zero(),
+    }
+}
+
 #[cfg(test)]
 mod tests {
     use super::*;
@@ -344,44 +479,135 @@ mod tests {
     #[test]
     fn amounts_split_for_alignment() {
         let p = amount_parts(dec("-1234.5"));
-        assert_eq!(
-            (p.digits.as_str(), p.negative, p.zero),
-            ("1,234.50", true, false)
-        );
-        assert!(amount_parts(dec("0.004")).zero);
-        assert_eq!(amount_parts(dec("207.68")).digits, "207.68");
+        assert_eq!((p.digits.as_str(), p.negative), ("1,234.50", true));
+        let z = amount_parts(dec("-0.004"));
+        assert_eq!((z.digits.as_str(), z.negative), ("0.00", false));
     }
 
     #[test]
-    fn currency_signs_go_on_first_lines_and_totals() {
+    fn currency_signs_and_rules_go_on_sums() {
         let rows = vec![
             section("Assets"),
-            row(RowKind::Line, "a", Some(dec("1"))),
-            row(RowKind::Line, "b", Some(dec("2"))),
-            row(RowKind::Subtotal, "t", Some(dec("3"))),
+            one(RowKind::Line, "a", dec("1")),
+            one(RowKind::Line, "b", dec("2")),
+            one(RowKind::Subtotal, "t", dec("3")),
             spacer(),
-            section("Equity"),
-            row(RowKind::Line, "c", Some(dec("3"))),
-            row(RowKind::Total, "T", Some(dec("3"))),
+            section("Investing"),
+            one(RowKind::Subtotal, "empty", dec("0")),
+            one(RowKind::Total, "T", dec("3")),
         ];
-        let st = statement("X", String::new(), rows);
+        let st = statement("X", String::new(), &["Total"], rows);
         let signs: Vec<bool> = st.rows.iter().map(|r| r.currency).collect();
-        assert_eq!(signs, [false, true, false, true, false, false, true, true]);
+        assert_eq!(signs, [false, false, false, true, false, false, true, true]);
         let rules: Vec<bool> = st.rows.iter().map(|r| r.rule_above).collect();
+        // No rule over an empty section's subtotal; always one over a total.
         assert_eq!(
             rules,
             [false, false, false, true, false, false, false, true]
         );
-        // A subtotal straight under its heading (empty section): no rule.
-        let empty = statement(
-            "Y",
-            String::new(),
-            vec![
-                section("Investing"),
-                row(RowKind::Subtotal, "t", Some(dec("0"))),
+    }
+
+    fn sl(code: &str, name: &str, a: &str) -> StatementLine {
+        StatementLine {
+            code: code.into(),
+            name: name.into(),
+            amount: dec(a),
+        }
+    }
+
+    fn equity_rows(st: &Statement, from: &str) -> Vec<(String, Option<Decimal>)> {
+        st.rows
+            .iter()
+            .skip_while(|r| r.label != from)
+            .map(|r| (r.label.clone(), r.amounts.first().copied().flatten()))
+            .collect()
+    }
+
+    #[test]
+    fn corporate_balance_sheet_splits_retained_earnings_from_this_year() {
+        // Prior years closed 1,000 to Retained Earnings; 200 more unclosed
+        // from last year; this year's net income is 300 (current earnings
+        // 500 = 200 + 300).
+        let bs = BalanceSheetStatement {
+            as_of: NaiveDate::from_ymd_opt(2027, 3, 31).unwrap(),
+            assets: vec![sl("1000", "Cash", "2500")],
+            liabilities: vec![],
+            equity: vec![
+                sl("3000", "Common Stock", "1000"),
+                sl("3999", "Retained Earnings", "1000"),
             ],
+            current_earnings: dec("500"),
+            total_assets: dec("2500"),
+            total_liabilities: dec("0"),
+            total_equity: dec("2500"),
+        };
+        let e = YearEarnings {
+            net_income_ytd: dec("300"),
+            unclosed: dec("300"),
+        };
+        let st = balance_sheet(&bs, e, &[]);
+        let some = |s: &str| Some(dec(s));
+        assert_eq!(
+            equity_rows(&st, "Equity"),
+            [
+                ("Equity".into(), None),
+                ("3000 Common Stock".into(), some("1000")),
+                ("Retained earnings".into(), some("1200")),
+                ("Net income (loss)".into(), some("300")),
+                ("Total equity".into(), some("2500")),
+                ("".into(), None),
+                ("Total liabilities and equity".into(), some("2500")),
+            ]
+        );
+    }
+
+    #[test]
+    fn partnership_balance_sheet_shows_only_unallocated_earnings() {
+        // January (100) was closed into the capital accounts; February and
+        // March (200) are this year's unclosed income; 50 from last year
+        // was never closed.
+        let bs = BalanceSheetStatement {
+            as_of: NaiveDate::from_ymd_opt(2027, 3, 31).unwrap(),
+            assets: vec![sl("1000", "Cash", "1350")],
+            liabilities: vec![],
+            equity: vec![
+                sl("3000", "Capital — Alice", "550"),
+                sl("3001", "Capital — Bob", "550"),
+            ],
+            current_earnings: dec("250"),
+            total_assets: dec("1350"),
+            total_liabilities: dec("0"),
+            total_equity: dec("1350"),
+        };
+        let e = YearEarnings {
+            net_income_ytd: dec("300"),
+            unclosed: dec("200"),
+        };
+        let members = [
+            Member {
+                name: "Alice".into(),
+                capital_code: "3000".into(),
+            },
+            Member {
+                name: "Bob".into(),
+                capital_code: "3001".into(),
+            },
+        ];
+        let st = balance_sheet(&bs, e, &members);
+        let some = |s: &str| Some(dec(s));
+        assert_eq!(
+            equity_rows(&st, "Members' equity"),
+            [
+                ("Members' equity".into(), None),
+                ("3000 Capital — Alice".into(), some("550")),
+                ("3001 Capital — Bob".into(), some("550")),
+                ("Undistributed earnings, prior years".into(), some("50")),
+                ("Net income (loss)".into(), some("200")),
+                ("Total members' equity".into(), some("1350")),
+                ("".into(), None),
+                ("Total liabilities and members' equity".into(), some("1350")),
+            ]
         );
-        assert!(!empty.rows[1].rule_above);
     }
 
     #[test]
@@ -395,5 +621,15 @@ mod tests {
             period_label(d(2026, 12, 1), d(2027, 1, 31)),
             "December 1, 2026 – January 31, 2027"
         );
+        let meta = ReportMeta {
+            company: "X".into(),
+            basis: "Accrual".into(),
+            prepared_on: d(2026, 10, 11),
+            journal_seq: 114,
+        };
+        assert_eq!(
+            meta.footer(),
+            "Accrual basis · Prepared Sunday, October 11, 2026 · Journal seq 114"
+        );
     }
 }

crates/ledger-import/src/xlsx.rs

@@ -3,27 +3,29 @@
 //! Money is converted to f64 ONLY at this presentation boundary — never in
 //! a money path. All accounting math stays `Decimal`; the conversion happens
 //! when writing a cell, rounded to cents. Cells stay numeric (so a CPA can
-//! sum them) with an accounting number format: thousands separators,
-//! negatives in parentheses.
+//! sum them) with accounting number formats: thousands separators,
+//! negatives in parentheses with the closing parenthesis hanging (so
+//! decimal points align), "$" on subtotals and totals.
 
 use crate::report::{ReportMeta, RowKind, Statement};
+use chrono::NaiveDate;
 use ledger_core::Ledger;
-use ledger_core::reports::TrialBalance;
+use ledger_core::reports::GeneralLedger;
 use rust_decimal::Decimal;
-use rust_xlsxwriter::{Format, FormatBorder, Workbook, Worksheet};
+use rust_xlsxwriter::{Format, FormatAlign, FormatBorder, Workbook, Worksheet};
 use thiserror::Error;
 
 /// Which report to render.
 #[derive(Clone, Debug)]
 pub enum XlsxReport<'a> {
-    /// Trial balance lines.
-    TrialBalance(&'a TrialBalance),
-    /// A laid-out financial statement (P&L, balance sheet, cash flow); see
-    /// [`crate::report`].
+    /// A laid-out statement (P&L, balance sheet, cash flow, trial balance,
+    /// members' equity); see [`crate::report`].
     Statement(&'a Statement),
-    /// General ledger: every posted journal line. Needs the ledger for
-    /// account names and class names.
-    GeneralLedger(&'a Ledger),
+    /// The general ledger: by account, with running balances and splits.
+    GeneralLedger(&'a GeneralLedger),
+    /// The general journal: every posted entry in `[start, end]`, line by
+    /// line, in date order.
+    GeneralJournal(&'a Ledger, NaiveDate, NaiveDate),
 }
 
 /// XLSX errors.
@@ -40,179 +42,332 @@ impl From<rust_xlsxwriter::XlsxError> for XlsxError {
     }
 }
 
-/// Excel's Accounting format, with and without the currency symbol: "$"
-/// pinned left, digits right, negatives in parentheses with the closing
-/// parenthesis hanging (`_)` reserves its width on positives, so decimal
-/// points line up), zero as a dash.
-const ACCOUNTING: &str = r#"_(* #,##0.00_);_(* (#,##0.00);_(* "-"??_);_(@_)"#;
-const ACCOUNTING_USD: &str = r#"_($* #,##0.00_);_($* (#,##0.00);_($* "-"??_);_(@_)"#;
+/// Accounting number formats: the `_)` reserves a closing parenthesis's
+/// width on positives so decimal points line up with negatives.
+const PLAIN: &str = "#,##0.00_);(#,##0.00)";
+const DOLLARS: &str = "$#,##0.00_);($#,##0.00)";
 
-/// Company name, title, and period across the top; returns the next row.
-fn header(
-    sheet: &mut Worksheet,
-    meta: &ReportMeta,
-    title: &str,
-    period: Option<&str>,
-) -> Result<u32, XlsxError> {
-    let bold = Format::new().set_bold();
-    sheet.write_string_with_format(0, 0, &meta.company, &bold.clone().set_font_size(14))?;
-    sheet.write_string_with_format(1, 0, title, &bold)?;
-    let mut row = 2;
-    if let Some(period) = period {
-        sheet.write_string(row, 0, period)?;
-        row += 1;
-    }
-    Ok(row + 1)
+struct Formats {
+    bold: Format,
+    company: Format,
+    centered: Format,
+    header: Format,
+    header_right: Format,
+    plain: Format,
+    dollars_sum: Format,
+    dollars_total: Format,
+    line_label: Format,
+    sub_label: Format,
+    note: Format,
 }
 
-/// "Prepared from journal through seq N" under the last row.
-fn footer(sheet: &mut Worksheet, meta: &ReportMeta, row: u32) -> Result<(), XlsxError> {
-    let note = Format::new().set_italic().set_font_color("#666666");
-    sheet.write_string_with_format(
+impl Formats {
+    fn new() -> Self {
+        let bold = Format::new().set_bold();
+        let ruled = |f: Format| f.set_border_top(FormatBorder::Thin);
+        Self {
+            company: Format::new()
+                .set_font_size(14)
+                .set_align(FormatAlign::Center),
+            centered: Format::new().set_align(FormatAlign::Center),
+            header: bold
+                .clone()
+                .set_font_size(9)
+                .set_border_bottom(FormatBorder::Thin),
+            header_right: bold
+                .clone()
+                .set_font_size(9)
+                .set_border_bottom(FormatBorder::Thin)
+                .set_align(FormatAlign::Right),
+            plain: Format::new().set_num_format(PLAIN),
+            dollars_sum: ruled(bold.clone().set_num_format(DOLLARS)),
+            dollars_total: ruled(bold.clone().set_num_format(DOLLARS))
+                .set_border_bottom(FormatBorder::Double),
+            line_label: Format::new().set_indent(1),
+            sub_label: Format::new().set_italic().set_indent(1),
+            note: Format::new()
+                .set_italic()
+                .set_font_size(9)
+                .set_font_color("#666666")
+                .set_align(FormatAlign::Center),
+            bold,
+        }
+    }
+}
+
+/// Company, title, and period centered over `width` columns; returns the
+/// next free row.
+fn header(
+    sheet: &mut Worksheet,
+    f: &Formats,
+    meta: &ReportMeta,
+    title: &str,
+    period: &str,
+    width: u16,
+) -> Result<u32, XlsxError> {
+    let last = width.saturating_sub(1);
+    sheet.merge_range(0, 0, 0, last, &meta.company, &f.company)?;
+    sheet.merge_range(
+        1,
+        0,
+        1,
+        last,
+        title,
+        &f.bold.clone().set_align(FormatAlign::Center),
+    )?;
+    sheet.merge_range(2, 0, 2, last, period, &f.centered)?;
+    Ok(4)
+}
+
+/// Basis, preparation date, and journal seq under the last row.
+fn footer(
+    sheet: &mut Worksheet,
+    f: &Formats,
+    meta: &ReportMeta,
+    row: u32,
+    width: u16,
+) -> Result<(), XlsxError> {
+    sheet.merge_range(
         row + 1,
         0,
-        format!("Prepared from journal through seq {}", meta.journal_seq),
-        &note,
+        row + 1,
+        width.saturating_sub(1),
+        &meta.footer(),
+        &f.note,
     )?;
     Ok(())
 }
 
+fn number(
+    sheet: &mut Worksheet,
+    row: u32,
+    col: u16,
+    d: Decimal,
+    fmt: &Format,
+) -> Result<(), XlsxError> {
+    sheet.write_number_with_format(row, col, dec_to_f64(d), fmt)?;
+    Ok(())
+}
+
 /// Render a report to XLSX bytes.
 pub fn report_to_xlsx(report: &XlsxReport<'_>, meta: &ReportMeta) -> Result<Vec<u8>, XlsxError> {
     let mut workbook = Workbook::new();
     let sheet = workbook.add_worksheet();
-    let bold = Format::new().set_bold();
-    let money = Format::new().set_num_format(ACCOUNTING);
-    let usd = Format::new().set_num_format(ACCOUNTING_USD);
-    // Totals are marked by rules, not bold: bold figures are wider and would
-    // break the decimal column.
-    let usd_bold = usd.clone();
-
+    let f = Formats::new();
     match report {
-        XlsxReport::TrialBalance(tb) => {
-            sheet.set_name("Trial Balance")?;
-            let mut row = header(sheet, meta, "Trial Balance", None)?;
-            for (i, h) in ["Code", "Account", "Debit", "Credit"].iter().enumerate() {
-                sheet.write_string_with_format(row, i as u16, *h, &bold)?;
-            }
-            row += 1;
-            for line in &tb.lines {
-                sheet.write_string(row, 0, &line.code)?;
-                sheet.write_string(row, 1, &line.name)?;
-                sheet.write_number_with_format(row, 2, dec_to_f64(line.debit), &money)?;
-                sheet.write_number_with_format(row, 3, dec_to_f64(line.credit), &money)?;
-                row += 1;
-            }
-            let total = usd_bold
-                .clone()
-                .set_border_top(FormatBorder::Thin)
-                .set_border_bottom(FormatBorder::Double);
-            sheet.write_string_with_format(row, 1, "Total", &bold)?;
-            sheet.write_number_with_format(row, 2, dec_to_f64(tb.total_debits), &total)?;
-            sheet.write_number_with_format(row, 3, dec_to_f64(tb.total_credits), &total)?;
-            sheet.set_column_width(1, 40)?;
-            sheet.set_column_width(2, 14)?;
-            sheet.set_column_width(3, 14)?;
-            footer(sheet, meta, row + 1)?;
-        }
-        XlsxReport::Statement(st) => {
-            sheet.set_name(&st.title)?;
-            let mut row = header(sheet, meta, &st.title, Some(&st.period))?;
-            let line_label = Format::new().set_indent(1);
-            let subtotal = usd_bold.clone().set_border_top(FormatBorder::Thin);
-            let total = usd_bold
-                .clone()
-                .set_border_top(FormatBorder::Thin)
-                .set_border_bottom(FormatBorder::Double);
-            for r in &st.rows {
-                let amount = r.amount.map(dec_to_f64);
-                match r.kind {
-                    RowKind::Spacer => {}
-                    RowKind::Section => {
-                        sheet.write_string_with_format(row, 0, &r.label, &bold)?;
-                    }
-                    RowKind::Line => {
-                        sheet.write_string_with_format(row, 0, &r.label, &line_label)?;
-                        if let Some(a) = amount {
-                            let fmt = if r.currency { &usd } else { &money };
-                            sheet.write_number_with_format(row, 1, a, fmt)?;
-                        }
-                    }
-                    RowKind::Subtotal => {
-                        sheet.write_string_with_format(row, 0, &r.label, &bold)?;
-                        if let Some(a) = amount {
-                            let fmt = if r.rule_above { &subtotal } else { &usd_bold };
-                            sheet.write_number_with_format(row, 1, a, fmt)?;
-                        }
-                    }
-                    RowKind::Total => {
-                        sheet.write_string_with_format(row, 0, &r.label, &bold)?;
-                        if let Some(a) = amount {
-                            sheet.write_number_with_format(row, 1, a, &total)?;
-                        }
-                    }
-                }
-                row += 1;
-            }
-            sheet.set_column_width(0, 60)?;
-            sheet.set_column_width(1, 16)?;
-            footer(sheet, meta, row)?;
-        }
-        XlsxReport::GeneralLedger(ledger) => {
-            sheet.set_name("General Ledger")?;
-            let mut row = header(sheet, meta, "General Ledger", None)?;
-            for (i, h) in [
-                "Date",
-                "Entry",
-                "Description",
-                "Account Code",
-                "Account Name",
-                "Class",
-                "Debit",
-                "Credit",
-            ]
-            .iter()
-            .enumerate()
-            {
-                sheet.write_string_with_format(row, i as u16, *h, &bold)?;
-            }
-            row += 1;
-            for entry in ledger.posted_entries() {
-                for line in entry.lines() {
-                    let account = ledger.chart().get(line.account);
-                    let (code, name) = match account {
-                        Some(a) => (a.code.as_str(), a.name.as_str()),
-                        None => ("?", "?"),
-                    };
-                    let class_name = line
-                        .class_id
-                        .and_then(|cid| ledger.get_class(cid))
-                        .map(|c| c.name.as_str())
-                        .unwrap_or("");
-                    let (debit, credit) = match line.side {
-                        ledger_core::Side::Debit => (line.amount.amount, Decimal::ZERO),
-                        ledger_core::Side::Credit => (Decimal::ZERO, line.amount.amount),
-                    };
-                    sheet.write_string(row, 0, entry.date().to_string())?;
-                    sheet.write_number(row, 1, entry.id() as f64)?;
-                    sheet.write_string(row, 2, entry.description())?;
-                    sheet.write_string(row, 3, code)?;
-                    sheet.write_string(row, 4, name)?;
-                    sheet.write_string(row, 5, class_name)?;
-                    sheet.write_number_with_format(row, 6, dec_to_f64(debit), &money)?;
-                    sheet.write_number_with_format(row, 7, dec_to_f64(credit), &money)?;
-                    row += 1;
-                }
-            }
-            sheet.set_column_width(2, 50)?;
-            sheet.set_column_width(4, 32)?;
-            footer(sheet, meta, row)?;
+        XlsxReport::Statement(st) => statement(sheet, &f, meta, st)?,
+        XlsxReport::GeneralLedger(gl) => general_ledger(sheet, &f, meta, gl)?,
+        XlsxReport::GeneralJournal(ledger, start, end) => {
+            general_journal(sheet, &f, meta, ledger, *start, *end)?
         }
     }
-
     Ok(workbook.save_to_buffer()?)
 }
 
+fn statement(
+    sheet: &mut Worksheet,
+    f: &Formats,
+    meta: &ReportMeta,
+    st: &Statement,
+) -> Result<(), XlsxError> {
+    // Excel sheet names: at most 31 characters, no apostrophes at the ends.
+    let name: String = st.title.replace('\'', "").chars().take(31).collect();
+    sheet.set_name(name.trim())?;
+    let width = 1 + st.columns.len() as u16;
+    let mut row = header(sheet, f, meta, &st.title, &st.period, width)?;
+    sheet.write_string_with_format(row, 0, "", &f.header)?;
+    for (i, c) in st.columns.iter().enumerate() {
+        sheet.write_string_with_format(row, 1 + i as u16, c.to_uppercase(), &f.header_right)?;
+    }
+    row += 1;
+    let dollars_unruled = f.bold.clone().set_num_format(DOLLARS);
+    for r in &st.rows {
+        let (label_fmt, amount_fmt) = match r.kind {
+            RowKind::Spacer => {
+                row += 1;
+                continue;
+            }
+            RowKind::Section => (&f.bold, &f.plain),
+            RowKind::Subheading => (&f.sub_label, &f.plain),
+            RowKind::Line => (&f.line_label, &f.plain),
+            RowKind::Subtotal if r.rule_above => (&f.bold, &f.dollars_sum),
+            RowKind::Subtotal => (&f.bold, &dollars_unruled),
+            RowKind::Total => (&f.bold, &f.dollars_total),
+        };
+        sheet.write_string_with_format(row, 0, &r.label, label_fmt)?;
+        for (i, a) in r.amounts.iter().enumerate() {
+            match a {
+                Some(d) => number(sheet, row, 1 + i as u16, *d, amount_fmt)?,
+                None if r.rule_above => {
+                    sheet.write_blank(row, 1 + i as u16, amount_fmt)?;
+                }
+                None => {}
+            }
+        }
+        row += 1;
+    }
+    sheet.set_column_width(0, 58)?;
+    for i in 0..st.columns.len() as u16 {
+        sheet.set_column_width(1 + i, 16)?;
+    }
+    footer(sheet, f, meta, row, width)
+}
+
+fn general_ledger(
+    sheet: &mut Worksheet,
+    f: &Formats,
+    meta: &ReportMeta,
+    gl: &GeneralLedger,
+) -> Result<(), XlsxError> {
+    sheet.set_name("General Ledger")?;
+    let period = crate::report::period_label(gl.start, gl.end);
+    let cols = [
+        "Date",
+        "Entry",
+        "Description",
+        "Split",
+        "Debit",
+        "Credit",
+        "Balance",
+    ];
+    let mut row = header(sheet, f, meta, "General Ledger", &period, cols.len() as u16)?;
+    for (i, h) in cols.iter().enumerate() {
+        let fmt = if i >= 4 { &f.header_right } else { &f.header };
+        sheet.write_string_with_format(row, i as u16, h.to_uppercase(), fmt)?;
+    }
+    row += 1;
+    for a in &gl.accounts {
+        let name = format!("{} {}", a.code, a.name);
+        sheet.write_string_with_format(row, 0, &name, &f.bold)?;
+        row += 1;
+        sheet.write_string_with_format(row, 2, "Beginning balance", &f.line_label)?;
+        number(sheet, row, 6, a.beginning_balance, &f.plain)?;
+        row += 1;
+        for p in &a.postings {
+            sheet.write_string(row, 0, p.date.to_string())?;
+            sheet.write_number(row, 1, p.entry_id as f64)?;
+            sheet.write_string(row, 2, &p.description)?;
+            sheet.write_string(row, 3, &p.split)?;
+            if !p.debit.is_zero() {
+                number(sheet, row, 4, p.debit, &f.plain)?;
+            }
+            if !p.credit.is_zero() {
+                number(sheet, row, 5, p.credit, &f.plain)?;
+            }
+            number(sheet, row, 6, p.balance, &f.plain)?;
+            row += 1;
+        }
+        sheet.write_string_with_format(row, 0, format!("Total for {name}"), &f.bold)?;
+        for c in 1..4 {
+            sheet.write_blank(row, c, &f.dollars_sum)?;
+        }
+        number(sheet, row, 4, a.total_debits, &f.dollars_sum)?;
+        number(sheet, row, 5, a.total_credits, &f.dollars_sum)?;
+        number(sheet, row, 6, a.ending_balance, &f.dollars_sum)?;
+        row += 2;
+    }
+    for (c, w) in [
+        (0, 12.0),
+        (1, 7.0),
+        (2, 46.0),
+        (3, 34.0),
+        (4, 13.0),
+        (5, 13.0),
+        (6, 13.0),
+    ] {
+        sheet.set_column_width(c, w)?;
+    }
+    footer(sheet, f, meta, row, cols.len() as u16)
+}
+
+fn general_journal(
+    sheet: &mut Worksheet,
+    f: &Formats,
+    meta: &ReportMeta,
+    ledger: &Ledger,
+    start: NaiveDate,
+    end: NaiveDate,
+) -> Result<(), XlsxError> {
+    sheet.set_name("General Journal")?;
+    let period = crate::report::period_label(start, end);
+    let cols = [
+        "Date",
+        "Entry",
+        "Description",
+        "Account",
+        "Class",
+        "Debit",
+        "Credit",
+    ];
+    let mut row = header(
+        sheet,
+        f,
+        meta,
+        "General Journal",
+        &period,
+        cols.len() as u16,
+    )?;
+    for (i, h) in cols.iter().enumerate() {
+        let fmt = if i >= 5 { &f.header_right } else { &f.header };
+        sheet.write_string_with_format(row, i as u16, h.to_uppercase(), fmt)?;
+    }
+    row += 1;
+    let mut entries: Vec<_> = ledger
+        .posted_entries()
+        .filter(|e| e.date() >= start && e.date() <= end)
+        .collect();
+    entries.sort_by_key(|e| (e.date(), e.id()));
+    let (mut debits, mut credits) = (Decimal::ZERO, Decimal::ZERO);
+    for entry in entries {
+        for line in entry.lines() {
+            let account = ledger
+                .chart()
+                .get(line.account)
+                .map(|a| format!("{} {}", a.code, a.name))
+                .unwrap_or_else(|| "?".to_string());
+            let class = line
+                .class_id
+                .and_then(|cid| ledger.get_class(cid))
+                .map(|c| c.name.as_str())
+                .unwrap_or("");
+            sheet.write_string(row, 0, entry.date().to_string())?;
+            sheet.write_number(row, 1, entry.id() as f64)?;
+            sheet.write_string(row, 2, entry.description())?;
+            sheet.write_string(row, 3, &account)?;
+            sheet.write_string(row, 4, class)?;
+            match line.side {
+                ledger_core::Side::Debit => {
+                    number(sheet, row, 5, line.amount.amount, &f.plain)?;
+                    debits += line.amount.amount;
+                }
+                ledger_core::Side::Credit => {
+                    number(sheet, row, 6, line.amount.amount, &f.plain)?;
+                    credits += line.amount.amount;
+                }
+            }
+            row += 1;
+        }
+    }
+    sheet.write_string_with_format(row, 0, "Total", &f.bold)?;
+    for c in 1..5 {
+        sheet.write_blank(row, c, &f.dollars_total)?;
+    }
+    number(sheet, row, 5, debits, &f.dollars_total)?;
+    number(sheet, row, 6, credits, &f.dollars_total)?;
+    for (c, w) in [
+        (0, 12.0),
+        (1, 7.0),
+        (2, 50.0),
+        (3, 38.0),
+        (4, 12.0),
+        (5, 13.0),
+        (6, 13.0),
+    ] {
+        sheet.set_column_width(c, w)?;
+    }
+    footer(sheet, f, meta, row + 1, cols.len() as u16)
+}
+
 /// Decimal to f64 at the presentation boundary. Rounded to cents first.
 fn dec_to_f64(d: Decimal) -> f64 {
     use rust_decimal::prelude::ToPrimitive;
@@ -222,7 +377,8 @@ fn dec_to_f64(d: Decimal) -> f64 {
 #[cfg(test)]
 mod tests {
     use super::*;
-    use ledger_core::reports::TrialBalanceLine;
+    use crate::report;
+    use ledger_core::reports::{TrialBalance, TrialBalanceLine};
 
     #[test]
     fn xlsx_is_a_zip() {
@@ -238,9 +394,12 @@ mod tests {
         };
         let meta = ReportMeta {
             company: "Test Co".to_string(),
+            basis: "Accrual".to_string(),
+            prepared_on: NaiveDate::from_ymd_opt(2026, 10, 11).unwrap(),
             journal_seq: 7,
         };
-        let bytes = report_to_xlsx(&XlsxReport::TrialBalance(&tb), &meta).unwrap();
+        let st = report::trial_balance(&tb, NaiveDate::from_ymd_opt(2026, 10, 11).unwrap());
+        let bytes = report_to_xlsx(&XlsxReport::Statement(&st), &meta).unwrap();
         // XLSX is a ZIP: starts with PK.
         assert_eq!(&bytes[0..2], b"PK");
         assert!(bytes.len() > 1000);

crates/ledger-import/templates/statement.typ

@@ -1,111 +1,114 @@
-// A financial statement: P&L, balance sheet, or cash flow.
+// A financial statement: P&L, balance sheet, cash flow, trial balance, or
+// members' equity, in US small-business (QuickBooks-style) presentation.
 //
 // Everything arrives as data in sys.inputs.data (JSON), already laid out by
 // ledger-import::report, with amounts already split into exact parts. The
 // template only typesets: no arithmetic happens here, and no label is ever
 // parsed as markup.
 //
-// Shape: { company, title, period, footer,
-//          rows: [{ kind: "section" | "line" | "subtotal" | "total"
-//                       | "spacer", label, rule (single rule above),
-//                   amount: null | { digits: "1,234.56", negative, zero,
-//                                    currency } }] }
+// Shape: { company, title, period, footer, columns: ["Total"] | [...],
+//          rows: [{ kind: "section" | "subheading" | "line" | "subtotal"
+//                       | "total" | "spacer",
+//                   label, rule (rule above), currency ("$" on amounts),
+//                   amounts: [null | { digits: "1,234.56", negative }] }] }
 //
-// Amounts follow US accounting presentation: tabular figures, "$" pinned
-// to the left of the amount column on the first line of each section and on
-// totals, negatives in parentheses with the closing parenthesis hanging
-// (its width is reserved on every row, so decimal points always line up),
-// and zero as a dash in the ones position. Amounts are never bold: bold
-// figures are wider, which would knock totals out of the decimal column —
-// the rules mark subtotals and totals instead.
+// Amounts: Inter's tabular figures; negatives in parentheses with the
+// closing parenthesis hanging (its width is reserved on every row, so
+// decimal points always line up); "$" attached on subtotals and totals.
 
 #let d = json(bytes(sys.inputs.data))
+#let ncols = d.columns.len()
+#let ink = luma(25)
+#let quiet = luma(110)
+#let hair = 0.5pt + luma(160)
+#let firm = 0.6pt + ink
 
 #set document(title: d.company + " — " + d.title, author: d.company)
-#set text(
-  font: "Libertinus Serif",
-  size: 10.5pt,
-  number-type: "lining",
-  number-width: "tabular",
-)
+#set text(font: "Inter", size: 9pt, fill: ink, number-width: "tabular")
 #set page(
   paper: "us-letter",
-  margin: (x: 1in, top: 0.9in, bottom: 0.8in),
+  margin: (x: 0.75in, top: 0.75in, bottom: 0.75in),
   header: context {
     if counter(page).get().first() > 1 {
-      set text(8.5pt, fill: luma(110))
-      [#d.company — #d.title #h(1fr) #d.period]
+      set text(7.5pt, fill: quiet)
+      [#d.company · #d.title #h(1fr) #d.period]
     }
   },
   footer: context {
-    set text(8pt, fill: luma(110))
-    [#d.footer #h(1fr) Page #counter(page).display() of #counter(page).final().first()]
+    set text(7.5pt, fill: quiet)
+    grid(
+      columns: (1fr, auto, 1fr),
+      [],
+      d.footer,
+      align(right)[Page #counter(page).display() of #counter(page).final().first()],
+    )
   },
 )
 
 #align(center)[
-  #text(15pt, weight: "bold", d.company) \
+  #text(15pt, fill: luma(45), d.company) \
+  #v(4pt)
+  #text(10.5pt, weight: "bold", d.title) \
   #v(2pt)
-  #text(12.5pt, d.title) \
-  #v(1pt)
-  #text(10pt, style: "italic", d.period)
+  #d.period
 ]
-#v(16pt)
+#v(12pt)
 
-// Two lines under a statement total, the accounting double rule, set
-// clear of the descenders.
-#let double-rule(body) = stack(
-  body,
-  v(2.4pt),
-  line(length: 100%, stroke: 0.5pt),
-  v(1.4pt),
-  line(length: 100%, stroke: 0.5pt),
-)
-
-#let amount(r) = {
-  let a = r.amount
+#let amount(a, currency) = {
   if a == none { return [] }
   let open = if a.negative { [(] } else { [] }
   let close = if a.negative { [)] } else { hide[)] }
-  let body = if a.zero { [–#hide[.00]] } else { [#open#a.digits] }
-  grid(
-    columns: (auto, 1fr),
-    align: (left, right),
-    if a.currency [\$] else [],
-    [#body#close],
+  let sign = if currency [\$] else []
+  [#open#sign#a.digits#close]
+}
+
+#let full(body, ..args) = table.cell(colspan: ncols + 1, ..args, body)
+
+#let row-cells(r) = {
+  let bold = r.kind == "subtotal" or r.kind == "total"
+  let stroke = if r.rule { (top: if r.kind == "total" { firm } else { hair }) } else { none }
+  let label = if r.kind == "line" { pad(left: 1.4em, r.label) } else { r.label }
+  let label = if bold { text(weight: "bold", label) } else { label }
+  (
+    table.cell(stroke: stroke, label),
+    ..r.amounts.map(a => table.cell(stroke: stroke, amount(a, r.currency))),
   )
 }
 
 #table(
-  columns: (1fr, 9em),
+  columns: (1fr,) + (8em,) * ncols,
   stroke: none,
-  inset: (x: 0pt, y: 3.2pt),
-  align: (left + horizon, right + horizon),
+  inset: (x: 4pt, y: 3.6pt),
+  align: (left + horizon,) + (right + horizon,) * ncols,
+  table.header(
+    table.cell(stroke: (top: firm, bottom: hair), []),
+    ..d.columns.map(c => table.cell(
+      stroke: (top: firm, bottom: hair),
+      text(7.5pt, weight: "bold", tracking: 0.04em, upper(c)),
+    )),
+  ),
   ..d
     .rows
     .map(r => {
       if r.kind == "spacer" {
-        (table.cell(colspan: 2, v(3pt)),)
+        (full(v(2pt), inset: 2pt),)
       } else if r.kind == "section" {
-        (table.cell(colspan: 2, text(weight: "bold", r.label)),)
-      } else if r.kind == "line" {
-        (pad(left: 1.4em, r.label), amount(r))
-      } else if r.kind == "subtotal" {
-        (
-          text(weight: "bold", r.label),
-          table.cell(
-            stroke: if r.rule { (top: 0.5pt) } else { none },
-            amount(r),
+        (full(text(weight: "semibold", r.label)),)
+      } else if r.kind == "subheading" {
+        (full(pad(left: 1.4em, emph(r.label))),)
+      } else if r.kind == "total" {
+        // The double rule under a statement total, full width.
+        let double = full(
+          inset: (x: 0pt, y: 0pt),
+          stack(
+            spacing: 1.6pt,
+            line(length: 100%, stroke: firm),
+            line(length: 100%, stroke: firm),
           ),
         )
+        row-cells(r) + (double,)
       } else {
-        (
-          align(top, text(weight: "bold", r.label)),
-          table.cell(
-            stroke: (top: 0.5pt),
-            double-rule(amount(r)),
-          ),
-        )
+        row-cells(r)
       }
     })
     .flatten(),

crates/ledger-mcp/src/company.rs

@@ -2,9 +2,11 @@
 //!
 //! `wanderbooks init` writes that file next to `books-data/`; onboarding
 //! fills in `[company]`. The server reads the company name (report headers),
-//! the fiscal year start (fiscal-year-to-date reports), and
-//! `[books] receipt_threshold` (the receipt policy, unless `config.json`
-//! sets one). The fiscal year *end* is never stored: it is the day before
+//! the fiscal year start (fiscal-year-to-date reports), the members of a
+//! multi-member LLC (`[[company.members]]`: name, share, capital account —
+//! for the statement of members' equity), `[books] accounting_basis`
+//! (report footers), and `[books] receipt_threshold` (the receipt policy,
+//! unless `config.json` sets one). The fiscal year *end* is never stored: it is the day before
 //! the next start, so the two can't disagree.
 
 use chrono::{Datelike, NaiveDate};
@@ -19,6 +21,21 @@ pub struct Company {
     pub name: String,
     /// Month and day the fiscal year starts. Default January 1.
     pub fiscal_year_start: (u32, u32),
+    /// Members of a multi-member LLC; empty for other entities.
+    pub members: Vec<Member>,
+    /// "Accrual" or "Cash", for report footers. Default "Accrual".
+    pub basis: String,
+}
+
+/// One member of a multi-member LLC.
+#[derive(Clone, Debug, PartialEq)]
+pub struct Member {
+    /// Name, as it appears on reports.
+    pub name: String,
+    /// Share of income, e.g. 0.50.
+    pub share: Decimal,
+    /// Code of their capital account in the chart.
+    pub capital_account: String,
 }
 
 impl Default for Company {
@@ -26,6 +43,8 @@ impl Default for Company {
         Self {
             name: "Unnamed company".to_string(),
             fiscal_year_start: (1, 1),
+            members: Vec::new(),
+            basis: "Accrual".to_string(),
         }
     }
 }
@@ -68,11 +87,35 @@ struct BooksToml {
 struct CompanyToml {
     name: Option<String>,
     fiscal_year_start: Option<String>,
+    #[serde(default)]
+    members: Vec<MemberToml>,
+}
+
+#[derive(Deserialize)]
+struct MemberToml {
+    name: String,
+    share: String,
+    capital_account: Option<String>,
 }
 
 #[derive(Default, Deserialize)]
 struct BooksSection {
     receipt_threshold: Option<String>,
+    accounting_basis: Option<String>,
+}
+
+/// Parse a share: "50%" or "0.5".
+fn parse_share(name: &str, s: &str) -> Result<Decimal, String> {
+    let s = s.trim();
+    let bad = || format!("member {name}: share {s:?} must be like \"50%\" or \"0.5\"");
+    let share = match s.strip_suffix('%') {
+        Some(pct) => pct.trim().parse::<Decimal>().map_err(|_| bad())? / Decimal::from(100),
+        None => s.parse::<Decimal>().map_err(|_| bad())?,
+    };
+    if share <= Decimal::ZERO || share > Decimal::ONE {
+        return Err(bad());
+    }
+    Ok(share)
 }
 
 /// Parse `"MM-DD"`. February 29 is rejected: a fiscal year must start on a
@@ -97,6 +140,35 @@ pub fn parse(text: &str) -> Result<BooksSettings, String> {
     if let Some(fy) = raw.company.fiscal_year_start {
         company.fiscal_year_start = parse_month_day(fy.trim())?;
     }
+    for m in raw.company.members {
+        let share = parse_share(&m.name, &m.share)?;
+        let capital_account = m
+            .capital_account
+            .filter(|c| !c.trim().is_empty())
+            .ok_or_else(|| format!("member {}: capital_account is required", m.name))?;
+        company.members.push(Member {
+            name: m.name.trim().to_string(),
+            share,
+            capital_account: capital_account.trim().to_string(),
+        });
+    }
+    if !company.members.is_empty() {
+        let total: Decimal = company.members.iter().map(|m| m.share).sum();
+        if total != Decimal::ONE {
+            return Err(format!("member shares sum to {total}, not 100%"));
+        }
+    }
+    if let Some(basis) = raw.books.accounting_basis {
+        company.basis = match basis.trim().to_lowercase().as_str() {
+            "accrual" => "Accrual".to_string(),
+            "cash" => "Cash".to_string(),
+            other => {
+                return Err(format!(
+                    "accounting_basis {other:?}: expected accrual or cash"
+                ));
+            }
+        };
+    }
     let receipt_threshold = match raw.books.receipt_threshold {
         Some(t) => {
             t.trim()
@@ -174,6 +246,42 @@ mod tests {
         );
     }
 
+    #[test]
+    fn reads_members_and_basis() {
+        let s = parse(
+            "[company]\n[[company.members]]\nname = \"Stephen Waits\"\nshare = \"50%\"\ncapital_account = \"3000\"\n[[company.members]]\nname = \"Katherine Pendergast\"\nshare = \"0.5\"\ncapital_account = \"3001\"\n[books]\naccounting_basis = \"cash\"\n",
+        )
+        .unwrap();
+        let half = Decimal::new(5, 1);
+        assert_eq!(
+            s.company.members,
+            vec![
+                Member {
+                    name: "Stephen Waits".into(),
+                    share: half,
+                    capital_account: "3000".into()
+                },
+                Member {
+                    name: "Katherine Pendergast".into(),
+                    share: half,
+                    capital_account: "3001".into()
+                },
+            ]
+        );
+        assert_eq!(s.company.basis, "Cash");
+        assert_eq!(parse("").unwrap().company.basis, "Accrual");
+        // Shares must add up; every member needs a capital account.
+        let two = |a: &str, b: &str| {
+            format!(
+                "[company]\n[[company.members]]\nname = \"A\"\nshare = \"{a}\"\ncapital_account = \"3000\"\n[[company.members]]\nname = \"B\"\nshare = \"{b}\"\ncapital_account = \"3001\"\n"
+            )
+        };
+        assert!(parse(&two("50%", "40%")).is_err());
+        assert!(parse(&two("60%", "40%")).is_ok());
+        assert!(parse("[company]\n[[company.members]]\nname = \"A\"\nshare = \"100%\"\n").is_err());
+        assert!(parse("[books]\naccounting_basis = \"modified\"\n").is_err());
+    }
+
     #[test]
     fn rejects_bad_settings() {
         assert!(parse("[company]\nfiscal_year_start = \"02-29\"\n").is_err());

crates/ledger-mcp/src/server.rs

@@ -68,10 +68,82 @@ impl BooksServer {
     fn report_meta(&self, store: &Store) -> ReportMeta {
         ReportMeta {
             company: self.company.name.clone(),
+            basis: self.company.basis.clone(),
+            prepared_on: today(),
             journal_seq: store.journal_seq(),
         }
     }
 
+    /// Members as reports name them (empty unless a multi-member LLC).
+    fn report_members(&self) -> Vec<ledger_import::Member> {
+        self.company
+            .members
+            .iter()
+            .map(|m| ledger_import::Member {
+                name: m.name.clone(),
+                capital_code: m.capital_account.clone(),
+            })
+            .collect()
+    }
+
+    /// Members with their capital accounts resolved in the chart, for the
+    /// statement of members' equity.
+    fn member_capitals(&self, ledger: &Ledger) -> Result<Vec<ledger_core::MemberCapital>, String> {
+        if self.company.members.is_empty() {
+            return Err(
+                "no members configured: add [[company.members]] (name, share, capital_account) to wanderbooks.toml"
+                    .to_string(),
+            );
+        }
+        self.company
+            .members
+            .iter()
+            .map(|m| {
+                let account = ledger
+                    .chart()
+                    .find_by_code(&m.capital_account)
+                    .ok_or_else(|| {
+                        format!(
+                            "member {}: unknown capital account {}",
+                            m.name, m.capital_account
+                        )
+                    })?;
+                Ok(ledger_core::MemberCapital {
+                    name: m.name.clone(),
+                    capital_account: account.id,
+                    share: m.share,
+                })
+            })
+            .collect()
+    }
+
+    /// The fiscal year's earnings through `as_of`, for the balance sheet:
+    /// net income (loss) year to date (closing entries excluded), and the
+    /// part of it still unclosed (closing entries included, so months
+    /// already closed into equity drop out).
+    fn year_earnings(
+        &self,
+        ledger: &Ledger,
+        as_of: NaiveDate,
+    ) -> Result<ledger_import::YearEarnings, String> {
+        let (fy_start, _) = self.company.fiscal_year_containing(as_of);
+        let net_income_ytd = ledger_core::profit_and_loss_for_period(ledger, fy_start, as_of, None)
+            .map_err(|e| e.to_string())?
+            .net_income();
+        let mut unclosed = Decimal::ZERO;
+        for a in ledger.chart().all().filter(|a| !a.placeholder) {
+            match a.account_type {
+                AccountType::Revenue => unclosed += movement_in(ledger, a.id, fy_start, as_of),
+                AccountType::Expense => unclosed -= movement_in(ledger, a.id, fy_start, as_of),
+                _ => {}
+            }
+        }
+        Ok(ledger_import::YearEarnings {
+            net_income_ytd,
+            unclosed,
+        })
+    }
+
     fn lock(&self) -> Result<std::sync::MutexGuard<'_, Store>, String> {
         self.store
             .lock()
@@ -343,8 +415,10 @@ fn movement_in(ledger: &Ledger, account: AccountId, from: NaiveDate, to: NaiveDa
     }
 }
 
+/// Today in the books' local time zone. Not UTC: in the evening (US
+/// time) UTC is already tomorrow, and "through today" must not include it.
 fn today() -> NaiveDate {
-    chrono::Utc::now().date_naive()
+    chrono::Local::now().date_naive()
 }
 
 /// Resolve a statement's date range: `end` defaults to today and `start` to
@@ -470,13 +544,21 @@ impl BooksServer {
 
     #[tool(
         name = "books.trial_balance",
-        description = "The trial balance: every account with a non-zero balance, debit and credit columns and totals. Debits must equal credits.",
+        description = "The trial balance as of a date (default today): every account with a non-zero balance, debit and credit columns and totals. Debits must equal credits.",
         annotations(read_only_hint = true)
     )]
-    async fn trial_balance(&self) -> Result<Json<TrialBalanceOut>, String> {
+    async fn trial_balance(
+        &self,
+        params: Parameters<TrialBalanceParams>,
+    ) -> Result<Json<TrialBalanceOut>, String> {
         let store = self.lock()?;
-        let tb = reports::trial_balance(store.ledger());
+        let as_of = match &params.0.as_of {
+            Some(s) => parse_date(s)?,
+            None => today(),
+        };
+        let tb = reports::trial_balance_as_of(store.ledger(), as_of);
         Ok(Json(TrialBalanceOut {
+            as_of: as_of.to_string(),
             lines: tb
                 .lines
                 .iter()
@@ -568,7 +650,7 @@ impl BooksServer {
         };
         let end = match p.end {
             Some(s) => parse_date(&s)?,
-            None => chrono::Utc::now().date_naive(),
+            None => today(),
         };
         // Resolve cash and financing account codes to ids.
         let mut cash_accounts = Vec::new();
@@ -1161,7 +1243,7 @@ impl BooksServer {
     async fn digest(&self, params: Parameters<DigestParams>) -> Result<Json<DigestOut>, String> {
         let p = params.0;
         let since = parse_date(&p.since)?;
-        let today = chrono::Utc::now().date_naive();
+        let today = today();
         let store = self.lock()?;
         let ledger = store.ledger();
         let mut entries = Vec::new();
@@ -1385,7 +1467,7 @@ impl BooksServer {
 
     #[tool(
         name = "books.export",
-        description = "Export a report. Formats: csv, json, xlsx (base64), pdf (base64; profit_and_loss, balance_sheet, cash_flow), iif (journal only, for QuickBooks Desktop). Reports: journal, trial_balance, profit_and_loss, balance_sheet, cash_flow. cash_flow needs cash_accounts.",
+        description = "Export a report. Reports: profit_and_loss, balance_sheet, cash_flow (needs cash_accounts), trial_balance (as_of), members_equity (multi-member LLC; members from wanderbooks.toml), general_ledger (by account: running balances, splits), general_journal (every entry in date order; alias journal). Formats: pdf and xlsx (base64) for the five statements; xlsx, csv, json for every report; iif for general_journal (QuickBooks Desktop). Dates: start/end for period reports (start defaults to the first entry, end to today), as_of for balance_sheet and trial_balance.",
         annotations(read_only_hint = true)
     )]
     async fn export(&self, params: Parameters<ExportParams>) -> Result<Json<ExportOut>, String> {
@@ -1424,14 +1506,16 @@ impl BooksServer {
             }));
         }
         let content = match report.as_str() {
-            "journal" => self.export_journal(&format)?,
-            "trial_balance" => self.export_trial_balance(&format)?,
+            "journal" | "general_journal" => self.export_journal(&format)?,
+            "trial_balance" => self.export_trial_balance(&format, p.as_of.as_deref())?,
+            "general_ledger" => self.export_general_ledger(&format, &p)?,
+            "members_equity" => self.export_members_equity(&format, &p)?,
             "profit_and_loss" => self.export_pnl(&format, p.start.as_deref(), p.end.as_deref())?,
             "balance_sheet" => self.export_balance_sheet(&format, p.as_of.as_deref())?,
             "cash_flow" => self.export_cash_flow(&format, &p)?,
             _ => {
                 return Err(format!(
-                    "bad report {:?}: expected journal, trial_balance, profit_and_loss, balance_sheet, or cash_flow",
+                    "bad report {:?}: expected general_journal, general_ledger, trial_balance, profit_and_loss, balance_sheet, cash_flow, or members_equity",
                     p.report
                 ));
             }
@@ -1452,6 +1536,7 @@ impl BooksServer {
         p: &ExportParams,
     ) -> Result<ledger_import::Statement, String> {
         use ledger_import::report;
+        let members = self.report_members();
         Ok(match report {
             "profit_and_loss" => report::profit_and_loss(&pnl_statement(
                 ledger,
@@ -1459,17 +1544,38 @@ impl BooksServer {
                 p.end.as_deref(),
                 None,
             )?),
-            "balance_sheet" => report::balance_sheet(&bs_statement(ledger, p.as_of.as_deref())?),
-            "cash_flow" => report::cash_flow(&cash_flow_statement(
-                ledger,
-                p.start.as_deref(),
-                p.end.as_deref(),
-                &p.cash_accounts,
-                &p.financing_accounts,
-            )?),
+            "balance_sheet" => {
+                let bs = bs_statement(ledger, p.as_of.as_deref())?;
+                let earnings = self.year_earnings(ledger, bs.as_of)?;
+                report::balance_sheet(&bs, earnings, &members)
+            }
+            "cash_flow" => report::cash_flow(
+                &cash_flow_statement(
+                    ledger,
+                    p.start.as_deref(),
+                    p.end.as_deref(),
+                    &p.cash_accounts,
+                    &p.financing_accounts,
+                )?,
+                &members,
+            ),
+            "trial_balance" => {
+                let as_of = match &p.as_of {
+                    Some(s) => parse_date(s)?,
+                    None => today(),
+                };
+                report::trial_balance(&reports::trial_balance_as_of(ledger, as_of), as_of)
+            }
+            "members_equity" => {
+                let (start, end) = statement_range(ledger, p.start.as_deref(), p.end.as_deref())?;
+                let me =
+                    ledger_core::members_equity(ledger, start, end, &self.member_capitals(ledger)?)
+                        .map_err(|e| e.to_string())?;
+                report::members_equity(&me)
+            }
             _ => {
                 return Err(format!(
-                    "bad report {report:?}: expected profit_and_loss, balance_sheet, or cash_flow"
+                    "bad report {report:?}: expected profit_and_loss, balance_sheet, cash_flow, trial_balance, or members_equity"
                 ));
             }
         })
@@ -1481,22 +1587,32 @@ impl BooksServer {
         let store = self.lock()?;
         let meta = self.report_meta(&store);
         let ledger = store.ledger();
-        if report == "trial_balance" {
-            let tb = reports::trial_balance(ledger);
-            return report_to_xlsx(&XlsxReport::TrialBalance(&tb), &meta)
-                .map_err(|e| e.to_string());
+        let xlsx = |r: XlsxReport<'_>| report_to_xlsx(&r, &meta).map_err(|e| e.to_string());
+        match report {
+            "general_ledger" => {
+                let (start, end) = statement_range(ledger, p.start.as_deref(), p.end.as_deref())?;
+                let gl =
+                    ledger_core::general_ledger(ledger, start, end).map_err(|e| e.to_string())?;
+                xlsx(XlsxReport::GeneralLedger(&gl))
+            }
+            "general_journal" | "journal" => {
+                let (start, end) = statement_range(ledger, p.start.as_deref(), p.end.as_deref())?;
+                xlsx(XlsxReport::GeneralJournal(ledger, start, end))
+            }
+            _ => xlsx(XlsxReport::Statement(
+                &self.layout_statement(ledger, report, p)?,
+            )),
         }
-        let st = self.layout_statement(ledger, report, p)?;
-        report_to_xlsx(&XlsxReport::Statement(&st), &meta).map_err(|e| e.to_string())
     }
 
     /// Render a financial statement to PDF bytes via ledger-import.
     fn export_pdf(&self, report: &str, p: &ExportParams) -> Result<Vec<u8>, String> {
+        if matches!(report, "general_ledger" | "general_journal" | "journal") {
+            return Err(format!("{report} exports as xlsx, csv, or json, not pdf"));
+        }
         let store = self.lock()?;
         let meta = self.report_meta(&store);
-        let st = self
-            .layout_statement(store.ledger(), report, p)
-            .map_err(|e| e.replace("bad report", "bad report for pdf"))?;
+        let st = self.layout_statement(store.ledger(), report, p)?;
         ledger_import::statement_pdf(&st, &meta).map_err(|e| e.to_string())
     }
 
@@ -1610,7 +1726,7 @@ impl BooksServer {
     )]
     async fn list_assets(&self) -> Result<Json<ListAssetsOut>, String> {
         let store = self.lock()?;
-        let today = chrono::Utc::now().date_naive();
+        let today = today();
         let assets = store
             .ledger()
             .registered_assets()
@@ -1853,7 +1969,7 @@ impl BooksServer {
 
     #[tool(
         name = "books.close_period",
-        description = "Close an accounting period. Without confirmed=true, returns a preview of the closing entry (revenue/expense zeroed to Retained Earnings) and closes nothing. With confirmed=true, posts the closing entry and marks the period closed. Closed periods reject new entries."
+        description = "Close an accounting period. The closing entry, dated at period end, zeroes revenue and expense balances as of that date into Retained Earnings, or, for a multi-member LLC (members in wanderbooks.toml), into each member's capital account by share. Periods close in order. Without confirmed=true, returns the exact closing entry it would post and closes nothing. With confirmed=true, posts it and marks the period closed. Closed periods reject new entries."
     )]
     async fn close_period(
         &self,
@@ -1865,53 +1981,53 @@ impl BooksServer {
         if store.ledger().get_period(p.period_id).is_none() {
             return Err(format!("unknown period {}", p.period_id));
         }
+        // A partnership closes into its members' capital accounts by share;
+        // everyone else into Retained Earnings.
+        let to = if self.company.members.is_empty() {
+            ledger_core::CloseTo::RetainedEarnings
+        } else {
+            ledger_core::CloseTo::Members(
+                self.member_capitals(store.ledger())?
+                    .into_iter()
+                    .map(|m| (m.capital_account, m.share))
+                    .collect(),
+            )
+        };
+        let describe = |ledger: &Ledger, eid: Option<ledger_core::EntryId>| -> Vec<String> {
+            let Some(entry) = eid.and_then(|e| ledger.get_entry(e)) else {
+                return Vec::new();
+            };
+            entry
+                .lines()
+                .iter()
+                .map(|line| {
+                    let code = ledger
+                        .chart()
+                        .get(line.account)
+                        .map(|a| a.code.clone())
+                        .unwrap_or_default();
+                    format!("{:?} {} {}", line.side, code, money(line.amount.amount))
+                })
+                .collect()
+        };
         if !p.confirmed {
-            // Preview: compute what the closing entry would look like
-            // without mutating. We do this by inspecting revenue/expense
-            // balances directly.
-            let mut lines = Vec::new();
-            let mut accounts: Vec<_> = store.ledger().chart().all().collect();
-            accounts.sort_by(|a, b| a.code.cmp(&b.code));
-            for account in accounts {
-                match account.account_type {
-                    AccountType::Revenue | AccountType::Expense => {
-                        let movement = store.ledger().account_movement(account.id);
-                        if movement.is_zero() {
-                            continue;
-                        }
-                        let (side, amount) = if movement > Decimal::ZERO {
-                            ("credit", movement)
-                        } else {
-                            ("debit", -movement)
-                        };
-                        lines.push(format!("{} {} {} to zero", side, account.code, amount));
-                    }
-                    _ => {}
-                }
-            }
+            // Preview: run the real close on a copy of the ledger, so the
+            // preview is exactly what confirming would post.
+            let mut scratch = store.ledger().clone();
+            let closing = scratch
+                .close_period_to(p.period_id, &to)
+                .map_err(|e| e.to_string())?;
             return Ok(Json(ClosePeriodOut {
                 status: "preview".to_string(),
                 period_id: p.period_id,
                 closing_entry: None,
-                lines,
+                lines: describe(&scratch, closing),
             }));
         }
-        let closing = store.close_period(p.period_id).map_err(|e| e.to_string())?;
-        // Build line descriptions from the posted closing entry.
-        let mut lines = Vec::new();
-        if let Some(eid) = closing
-            && let Some(entry) = store.ledger().get_entry(eid)
-        {
-            for line in entry.lines() {
-                let code = store
-                    .ledger()
-                    .chart()
-                    .get(line.account)
-                    .map(|a| a.code.clone())
-                    .unwrap_or_default();
-                lines.push(format!("{:?} {} {}", line.side, code, line.amount.amount));
-            }
-        }
+        let closing = store
+            .close_period_to(p.period_id, &to)
+            .map_err(|e| e.to_string())?;
+        let lines = describe(store.ledger(), closing);
         Ok(Json(ClosePeriodOut {
             status: "closed".to_string(),
             period_id: p.period_id,
@@ -2425,7 +2541,7 @@ impl BooksServer {
         };
         let end = match p.end {
             Some(s) => parse_date(&s)?,
-            None => chrono::Utc::now().date_naive(),
+            None => today(),
         };
         if end < start {
             return Err("end is before start".to_string());
@@ -2504,7 +2620,7 @@ impl BooksServer {
 
     #[tool(
         name = "books.export_cpa_package",
-        description = "Build the CPA handoff package as a zip (base64): trial-balance.xlsx, general-ledger.xlsx (every posted line), profit-and-loss.pdf, balance-sheet.pdf, cash-flow.pdf. cash_accounts (e.g. [\"1000\"]) is required: the cash flow statement reconciles to them. The as_of date defaults to today; the P&L and cash flow cover the fiscal year to date.",
+        description = "Build the CPA handoff package as a zip (base64): the profit and loss, balance sheet, cash flow, statement of changes in members' equity (multi-member LLCs), and trial balance, each as PDF and XLSX; plus the general ledger (by account) and general journal (entry by entry) as XLSX. cash_accounts (e.g. [\"1000\"]) is required: the cash flow statement reconciles to them. as_of defaults to today; period reports cover the fiscal year to date.",
         annotations(read_only_hint = true)
     )]
     async fn export_cpa_package(
@@ -2526,27 +2642,67 @@ impl BooksServer {
         let (fy_start, as_of_s) = (fy_start.to_string(), as_of.to_string());
         let xlsx = |r: XlsxReport<'_>| report_to_xlsx(&r, &meta).map_err(|e| e.to_string());
         let pdf =
-            |st: ledger_import::Statement| statement_pdf(&st, &meta).map_err(|e| e.to_string());
+            |st: &ledger_import::Statement| statement_pdf(st, &meta).map_err(|e| e.to_string());
+        let fy = NaiveDate::parse_from_str(&fy_start, "%Y-%m-%d").map_err(|e| e.to_string())?;
+        let members = self.report_members();
 
-        let tb_xlsx = xlsx(XlsxReport::TrialBalance(&reports::trial_balance(ledger)))?;
-        let gl_xlsx = xlsx(XlsxReport::GeneralLedger(ledger))?;
-        let pnl_pdf = pdf(report::profit_and_loss(&pnl_statement(
-            ledger,
-            Some(&fy_start),
-            Some(&as_of_s),
-            None,
-        )?))?;
-        let bs_pdf = pdf(report::balance_sheet(&bs_statement(
-            ledger,
-            Some(&as_of_s),
-        )?))?;
-        let cf_pdf = pdf(report::cash_flow(&cash_flow_statement(
-            ledger,
-            Some(&fy_start),
-            Some(&as_of_s),
-            &p.cash_accounts,
-            &p.financing_accounts,
-        )?))?;
+        // The financial statements, each as PDF and XLSX.
+        let mut statements: Vec<(&str, ledger_import::Statement)> = vec![
+            (
+                "profit-and-loss",
+                report::profit_and_loss(&pnl_statement(
+                    ledger,
+                    Some(&fy_start),
+                    Some(&as_of_s),
+                    None,
+                )?),
+            ),
+            (
+                "balance-sheet",
+                report::balance_sheet(
+                    &bs_statement(ledger, Some(&as_of_s))?,
+                    self.year_earnings(ledger, as_of)?,
+                    &members,
+                ),
+            ),
+            (
+                "cash-flow",
+                report::cash_flow(
+                    &cash_flow_statement(
+                        ledger,
+                        Some(&fy_start),
+                        Some(&as_of_s),
+                        &p.cash_accounts,
+                        &p.financing_accounts,
+                    )?,
+                    &members,
+                ),
+            ),
+        ];
+        if !self.company.members.is_empty() {
+            let me = ledger_core::members_equity(ledger, fy, as_of, &self.member_capitals(ledger)?)
+                .map_err(|e| e.to_string())?;
+            statements.push(("members-equity", report::members_equity(&me)));
+        }
+        statements.push((
+            "trial-balance",
+            report::trial_balance(&reports::trial_balance_as_of(ledger, as_of), as_of),
+        ));
+        let mut files: Vec<(String, Vec<u8>)> = Vec::new();
+        for (name, st) in &statements {
+            files.push((format!("{name}.pdf"), pdf(st)?));
+            files.push((format!("{name}.xlsx"), xlsx(XlsxReport::Statement(st))?));
+        }
+        // The books behind them: by account, and entry by entry.
+        let gl = ledger_core::general_ledger(ledger, fy, as_of).map_err(|e| e.to_string())?;
+        files.push((
+            "general-ledger.xlsx".into(),
+            xlsx(XlsxReport::GeneralLedger(&gl))?,
+        ));
+        files.push((
+            "general-journal.xlsx".into(),
+            xlsx(XlsxReport::GeneralJournal(ledger, fy, as_of))?,
+        ));
         drop(store);
 
         // Zip it.
@@ -2554,14 +2710,9 @@ impl BooksServer {
         {
             let mut zip = zip::ZipWriter::new(std::io::Cursor::new(&mut zip_buf));
             let opts = zip::write::SimpleFileOptions::default();
-            for (name, bytes) in [
-                ("trial-balance.xlsx", tb_xlsx.as_slice()),
-                ("general-ledger.xlsx", gl_xlsx.as_slice()),
-                ("profit-and-loss.pdf", pnl_pdf.as_slice()),
-                ("balance-sheet.pdf", bs_pdf.as_slice()),
-                ("cash-flow.pdf", cf_pdf.as_slice()),
-            ] {
-                zip.start_file(name, opts).map_err(|e| e.to_string())?;
+            for (name, bytes) in &files {
+                zip.start_file(name.as_str(), opts)
+                    .map_err(|e| e.to_string())?;
                 use std::io::Write;
                 zip.write_all(bytes).map_err(|e| e.to_string())?;
             }
@@ -2636,11 +2787,16 @@ impl BooksServer {
         Ok(csv)
     }
 
-    fn export_trial_balance(&self, format: &str) -> Result<String, String> {
+    fn export_trial_balance(&self, format: &str, as_of: Option<&str>) -> Result<String, String> {
         let store = self.lock()?;
-        let tb = reports::trial_balance(store.ledger());
+        let as_of = match as_of {
+            Some(s) => parse_date(s)?,
+            None => today(),
+        };
+        let tb = reports::trial_balance_as_of(store.ledger(), as_of);
         if format == "json" {
             return serde_json::to_string_pretty(&serde_json::json!({
+                "as_of": as_of.to_string(),
                 "lines": tb.lines.iter().map(|l| serde_json::json!({
                     "code": l.code, "name": l.name,
                     "debit": money(l.debit), "credit": money(l.credit),
@@ -2669,6 +2825,98 @@ impl BooksServer {
         Ok(csv)
     }
 
+    fn export_general_ledger(&self, format: &str, p: &ExportParams) -> Result<String, String> {
+        let store = self.lock()?;
+        let ledger = store.ledger();
+        let (start, end) = statement_range(ledger, p.start.as_deref(), p.end.as_deref())?;
+        let gl = ledger_core::general_ledger(ledger, start, end).map_err(|e| e.to_string())?;
+        if format == "json" {
+            return serde_json::to_string_pretty(&serde_json::json!({
+                "start": gl.start.to_string(), "end": gl.end.to_string(),
+                "accounts": gl.accounts.iter().map(|a| serde_json::json!({
+                    "code": a.code, "name": a.name,
+                    "beginning_balance": money(a.beginning_balance),
+                    "postings": a.postings.iter().map(|p| serde_json::json!({
+                        "date": p.date.to_string(), "entry_id": p.entry_id,
+                        "description": p.description, "split": p.split,
+                        "debit": money(p.debit), "credit": money(p.credit),
+                        "balance": money(p.balance),
+                    })).collect::<Vec<_>>(),
+                    "total_debits": money(a.total_debits),
+                    "total_credits": money(a.total_credits),
+                    "ending_balance": money(a.ending_balance),
+                })).collect::<Vec<_>>(),
+            }))
+            .map_err(|e| e.to_string());
+        }
+        let mut csv = String::from("account,date,entry,description,split,debit,credit,balance\n");
+        for a in &gl.accounts {
+            let account = csv_escape(&format!("{} {}", a.code, a.name));
+            csv.push_str(&format!(
+                "{account},,,Beginning balance,,,,{}\n",
+                money(a.beginning_balance)
+            ));
+            for p in &a.postings {
+                csv.push_str(&format!(
+                    "{account},{},{},{},{},{},{},{}\n",
+                    p.date,
+                    p.entry_id,
+                    csv_escape(&p.description),
+                    csv_escape(&p.split),
+                    money(p.debit),
+                    money(p.credit),
+                    money(p.balance)
+                ));
+            }
+            csv.push_str(&format!(
+                "{account},,,Total,,{},{},{}\n",
+                money(a.total_debits),
+                money(a.total_credits),
+                money(a.ending_balance)
+            ));
+        }
+        Ok(csv)
+    }
+
+    fn export_members_equity(&self, format: &str, p: &ExportParams) -> Result<String, String> {
+        let store = self.lock()?;
+        let ledger = store.ledger();
+        let (start, end) = statement_range(ledger, p.start.as_deref(), p.end.as_deref())?;
+        let me = ledger_core::members_equity(ledger, start, end, &self.member_capitals(ledger)?)
+            .map_err(|e| e.to_string())?;
+        let col = |c: &ledger_core::MemberEquityColumn| {
+            serde_json::json!({
+                "name": c.name, "beginning": money(c.beginning),
+                "contributions": money(c.contributions), "net_income": money(c.net_income),
+                "distributions": money(c.distributions), "other": money(c.other),
+                "ending": money(c.ending),
+            })
+        };
+        if format == "json" {
+            return serde_json::to_string_pretty(&serde_json::json!({
+                "start": me.start.to_string(), "end": me.end.to_string(),
+                "members": me.members.iter().map(col).collect::<Vec<_>>(),
+                "total": col(&me.total),
+            }))
+            .map_err(|e| e.to_string());
+        }
+        let mut csv =
+            String::from("member,beginning,contributions,net_income,distributions,other,ending\n");
+        for c in me.members.iter().chain(std::iter::once(&me.total)) {
+            csv.push_str(&format!(
+                "{},{},{},{},{},{},{}\n",
+                csv_escape(&c.name),
+                money(c.beginning),
+                money(c.contributions),
+                money(c.net_income),
+                money(c.distributions),
+                money(c.other),
+                money(c.ending)
+            ));
+        }
+        Ok(csv)
+    }
+
     fn export_pnl(
         &self,
         format: &str,
@@ -2768,7 +3016,7 @@ impl BooksServer {
         };
         let end = match &p.end {
             Some(s) => parse_date(s)?,
-            None => chrono::Utc::now().date_naive(),
+            None => today(),
         };
         let stmt = ledger_core::cash_flow(
             ledger,
@@ -2879,7 +3127,9 @@ impl BooksServer {
                 serde_json::to_string_pretty(&out).map_err(|e| e.to_string())
             }
             "books://reports/trial-balance" => {
-                let Json(out) = self.trial_balance().await?;
+                let Json(out) = self
+                    .trial_balance(Parameters(TrialBalanceParams::default()))
+                    .await?;
                 serde_json::to_string_pretty(&out).map_err(|e| e.to_string())
             }
             "books://reports/balance-sheet" => {

crates/ledger-mcp/src/types.rs

@@ -76,9 +76,19 @@ pub struct TrialBalanceLineOut {
     pub credit: String,
 }
 
+/// Parameters for `books.trial_balance`.
+#[derive(Debug, Default, Deserialize, JsonSchema)]
+pub struct TrialBalanceParams {
+    /// As of this date, YYYY-MM-DD. Defaults to today.
+    #[serde(default)]
+    pub as_of: Option<String>,
+}
+
 /// Result of `books.trial_balance`.
 #[derive(Debug, Serialize, JsonSchema)]
 pub struct TrialBalanceOut {
+    /// The as-of date, YYYY-MM-DD.
+    pub as_of: String,
     /// Lines in code order.
     pub lines: Vec<TrialBalanceLineOut>,
     /// Sum of the debit column, decimal string.

crates/ledger-mcp/tests/mcp_stdio.rs

@@ -834,6 +834,7 @@ fn mcp_statement_pdfs_and_cpa_package_over_stdio() {
         ("profit_and_loss", json!({})),
         ("balance_sheet", json!({})),
         ("cash_flow", json!({"cash_accounts": ["1000"]})),
+        ("trial_balance", json!({"as_of": "2026-10-31"})),
     ] {
         let mut args = json!({"format": "pdf", "report": report});
         args.as_object_mut()
@@ -850,11 +851,12 @@ fn mcp_statement_pdfs_and_cpa_package_over_stdio() {
         json!({"format": "pdf", "report": "cash_flow"}),
     );
     assert!(err.contains("cash_accounts"), "{err}");
+    // The ledger and journal are workbooks, not printable statements.
     let err = mcp.call_err(
         "books.export",
-        json!({"format": "pdf", "report": "trial_balance"}),
+        json!({"format": "pdf", "report": "general_ledger"}),
     );
-    assert!(err.contains("for pdf"), "{err}");
+    assert!(err.contains("not pdf"), "{err}");
 
     // The CPA package carries all three statements.
     let err = mcp.call_err("books.export_cpa_package", json!({"as_of": "2026-10-31"}));
@@ -873,9 +875,14 @@ fn mcp_statement_pdfs_and_cpa_package_over_stdio() {
         names,
         [
             "balance-sheet.pdf",
+            "balance-sheet.xlsx",
             "cash-flow.pdf",
+            "cash-flow.xlsx",
+            "general-journal.xlsx",
             "general-ledger.xlsx",
             "profit-and-loss.pdf",
+            "profit-and-loss.xlsx",
+            "trial-balance.pdf",
             "trial-balance.xlsx"
         ]
     );
@@ -892,7 +899,7 @@ fn mcp_period_statements_over_stdio() {
     let toml = dir.join("wanderbooks.toml");
     std::fs::write(
         &toml,
-        "[company]\nname = \"Test Co\"\nfiscal_year_start = \"02-01\"\n[books]\nreceipt_threshold = \"5.00\"\n",
+        "[company]\nname = \"Test Co\"\nfiscal_year_start = \"02-01\"\n[[company.members]]\nname = \"Owner\"\nshare = \"100%\"\ncapital_account = \"3000\"\n[books]\nreceipt_threshold = \"5.00\"\n",
     )
     .unwrap();
     let data = dir.join("books-data");
@@ -978,4 +985,74 @@ fn mcp_period_statements_over_stdio() {
     assert_eq!(jan["current_earnings"], "4.00");
     assert_eq!(jan["equity_accounts"][0]["amount"], "1000.00");
     assert_eq!(jan["balanced"], true);
+
+    // Trial balance as of Jan 31: Dr cash 1,004.00 = Cr capital + sales.
+    let tb = mcp.call("books.trial_balance", json!({"as_of": "2026-01-31"}));
+    assert_eq!(tb["as_of"], "2026-01-31");
+    assert_eq!(tb["total_debits"], "1004.00");
+
+    // General ledger for February: cash starts at 1,004.00, pays 3.00 for
+    // software, takes in 2.50 of sales, ends at 1,003.50.
+    let gl = mcp.call(
+        "books.export",
+        json!({"format": "json", "report": "general_ledger", "start": "2026-02-01", "end": "2026-02-28"}),
+    );
+    let gl: serde_json::Value = serde_json::from_str(gl["content"].as_str().unwrap()).unwrap();
+    let cash = &gl["accounts"][0];
+    assert_eq!(cash["beginning_balance"], "1004.00");
+    assert_eq!(cash["postings"][0]["split"], "6000 Software");
+    assert_eq!(cash["postings"][0]["balance"], "1001.00");
+    assert_eq!(cash["postings"][1]["split"], "4000 Sales");
+    assert_eq!(cash["ending_balance"], "1003.50");
+
+    // Members' equity, Jan-Feb: the one member contributed 1,000.00 and
+    // earned 3.50 (6.50 sales - 3.00 software), ending at balance-sheet
+    // equity, 1,003.50.
+    let me = mcp.call(
+        "books.export",
+        json!({"format": "json", "report": "members_equity", "start": "2026-01-01", "end": "2026-02-28"}),
+    );
+    let me: serde_json::Value = serde_json::from_str(me["content"].as_str().unwrap()).unwrap();
+    assert_eq!(me["members"][0]["name"], "Owner");
+    assert_eq!(me["total"]["contributions"], "1000.00");
+    assert_eq!(me["total"]["net_income"], "3.50");
+    assert_eq!(me["total"]["ending"], "1003.50");
+    let pdf = mcp.call(
+        "books.export",
+        json!({"format": "pdf", "report": "members_equity", "end": "2026-02-28"}),
+    );
+    assert_eq!(pdf["content_encoding"], "base64");
+
+    // Closing January: a one-member LLC closes into the member's capital
+    // account, not Retained Earnings. The preview is exactly what posts.
+    let jan = mcp.call(
+        "books.create_period",
+        json!({"name": "2026-01", "start": "2026-01-01", "end": "2026-01-31"}),
+    );
+    let jan_id = jan["period_id"].as_u64().unwrap();
+    let preview = mcp.call(
+        "books.close_period",
+        json!({"period_id": jan_id, "confirmed": false}),
+    );
+    assert_eq!(
+        preview["lines"],
+        json!(["Debit 4000 4.00", "Credit 3000 4.00"])
+    );
+    let closed = mcp.call(
+        "books.close_period",
+        json!({"period_id": jan_id, "confirmed": true}),
+    );
+    assert_eq!(closed["lines"], preview["lines"]);
+    let jan_bs = mcp.call("books.balance_sheet", json!({"as_of": "2026-01-31"}));
+    assert_eq!(jan_bs["equity_accounts"][0]["amount"], "1004.00");
+    assert_eq!(jan_bs["current_earnings"], "0.00");
+    // The close is income, not a contribution.
+    let me = mcp.call(
+        "books.export",
+        json!({"format": "json", "report": "members_equity", "start": "2026-01-01", "end": "2026-01-31"}),
+    );
+    let me: serde_json::Value = serde_json::from_str(me["content"].as_str().unwrap()).unwrap();
+    assert_eq!(me["total"]["contributions"], "1000.00");
+    assert_eq!(me["total"]["net_income"], "4.00");
+    assert_eq!(me["total"]["ending"], "1004.00");
 }

crates/ledger-store/src/store.rs

@@ -12,9 +12,9 @@ use crate::journal::{JournalLine, JournalWriter, read_and_verify_journal};
 use crate::schema;
 use chrono::{Months, NaiveDate};
 use ledger_core::{
-    AccountId, AccountType, AssetId, AssetStatus, BillId, Class, ClassId, Currency, CustomerId,
-    DocumentLine, EntryId, EntryStatus, InvoiceId, Ledger, LedgerError, Money, NewAsset,
-    PayrollLine, PayrollRun, PayrollRunId, PeriodId, Side, VendorId, arap,
+    AccountId, AccountType, AssetId, AssetStatus, BillId, Class, ClassId, CloseTo, Currency,
+    CustomerId, DocumentLine, EntryId, EntryStatus, InvoiceId, Ledger, LedgerError, Money,
+    NewAsset, PayrollLine, PayrollRun, PayrollRunId, PeriodId, Side, VendorId, arap,
     payroll::{PayrollAccounts, payroll_entry_plan, payroll_remit_plan},
     reports,
 };
@@ -955,14 +955,32 @@ impl Store {
     /// re-runs the deterministic close logic and checks the closing entry
     /// id against the journal.
     pub fn close_period(&mut self, id: PeriodId) -> Result<Option<EntryId>, StoreError> {
+        self.close_period_to(id, &CloseTo::RetainedEarnings)
+    }
+
+    /// Close a period with its net income going to `to`: Retained Earnings,
+    /// or members' capital accounts by share (see
+    /// [`ledger_core::Ledger::close_period_to`]). The target rides in the
+    /// journal so replay re-derives the identical closing entry.
+    pub fn close_period_to(
+        &mut self,
+        id: PeriodId,
+        to: &CloseTo,
+    ) -> Result<Option<EntryId>, StoreError> {
         // Pure pre-validation: a doomed close journals nothing, not even
         // the Retained Earnings account creation below.
         self.ledger.preview_close_period(id)?;
-        // Retained Earnings must exist before the close so its creation (if
-        // needed) is journaled as account.added; the close's own ensure
-        // then no-ops and replay stays deterministic.
-        self.ensure_control_account("3999", "Retained Earnings", AccountType::Equity)?;
-        let closing_entry = self.ledger.close_period(id)?;
+        if *to == CloseTo::RetainedEarnings {
+            // Retained Earnings must exist before the close so its creation
+            // (if needed) is journaled as account.added; the close's own
+            // ensure then no-ops and replay stays deterministic.
+            self.ensure_control_account(
+                ledger_core::RETAINED_EARNINGS_CODE,
+                "Retained Earnings",
+                AccountType::Equity,
+            )?;
+        }
+        let closing_entry = self.ledger.close_period_to(id, to)?;
         let entry_detail = match closing_entry {
             Some(eid) => {
                 let e = self
@@ -978,11 +996,21 @@ impl Store {
             }
             None => None,
         };
+        let close_to = match to {
+            CloseTo::RetainedEarnings => json!("retained_earnings"),
+            CloseTo::Members(members) => json!({
+                "members": members
+                    .iter()
+                    .map(|(account, share)| json!({"account": account, "share": share.to_string()}))
+                    .collect::<Vec<_>>(),
+            }),
+        };
         let line = self.append_journal(
             "period.closed",
             json!({
                 "id": id,
                 "closing_entry": closing_entry,
+                "close_to": close_to,
                 "entry": entry_detail,
             }),
         )?;
@@ -2738,15 +2766,44 @@ fn replay_line_into_ledger(
             let id = get_u64(p, "id")?;
             let want = p.get("closing_entry").and_then(|v| v.as_u64());
             // Deterministic: the close re-derives the closing entry from
-            // the replayed state, so it must match the journaled id. The
-            // journaled entry detail is for the projection; the ledger
-            // re-derives the entry itself.
-            let got = ledger.close_period(id)?;
+            // the replayed state and the journaled target (absent: Retained
+            // Earnings), so it must match the journal's id and every line.
+            let to = match p.get("close_to").and_then(|v| v.get("members")) {
+                None => ledger_core::CloseTo::RetainedEarnings,
+                Some(members) => ledger_core::CloseTo::Members(
+                    members
+                        .as_array()
+                        .ok_or_else(|| StoreError::JournalCorrupt("close_to.members".into()))?
+                        .iter()
+                        .map(|m| {
+                            let share = get_str(m, "share")?.parse().map_err(|_| {
+                                StoreError::JournalCorrupt("close_to member share".into())
+                            })?;
+                            Ok((get_u64(m, "account")?, share))
+                        })
+                        .collect::<Result<_, StoreError>>()?,
+                ),
+            };
+            let got = ledger.close_period_to(id, &to)?;
             if got != want {
                 return Err(StoreError::ReplayMismatch(format!(
                     "closing entry: journal says {want:?}, replay got {got:?}"
                 )));
             }
+            if let Some(eid) = got {
+                let replayed: Vec<Value> = ledger
+                    .get_entry(eid)
+                    .expect("close posted it")
+                    .lines()
+                    .iter()
+                    .map(journal_line_json)
+                    .collect();
+                if p["entry"]["lines"].as_array() != Some(&replayed) {
+                    return Err(StoreError::ReplayMismatch(format!(
+                        "closing entry {eid}: replayed lines differ from the journal"
+                    )));
+                }
+            }
         }
         "line.cleared" => {
             ledger.mark_cleared(

crates/ledger-store/tests/store.rs

@@ -457,3 +457,72 @@ fn receipt_corrections_are_journaled_and_survive_rebuild() {
     check(&store);
     store.verify().unwrap();
 }
+
+#[test]
+fn a_close_into_members_capital_replays_exactly() {
+    let dir = test_dir("members-close");
+    let mut store = Store::create(&dir, Currency::USD).unwrap();
+    let cash = store
+        .add_account("1000", "Cash", AccountType::Asset, None, false)
+        .unwrap();
+    let alice = store
+        .add_account("3000", "Capital — Alice", AccountType::Equity, None, false)
+        .unwrap();
+    let bob = store
+        .add_account("3001", "Capital — Bob", AccountType::Equity, None, false)
+        .unwrap();
+    let revenue = store
+        .add_account("4000", "Revenue", AccountType::Revenue, None, false)
+        .unwrap();
+    let jan15 = NaiveDate::from_ymd_opt(2026, 1, 15).unwrap();
+    let e = store.create_entry(jan15, "Sale").unwrap();
+    store
+        .add_line(
+            e,
+            cash,
+            Side::Debit,
+            Money::new(Decimal::new(10001, 2), Currency::USD),
+        )
+        .unwrap();
+    store
+        .add_line(
+            e,
+            revenue,
+            Side::Credit,
+            Money::new(Decimal::new(10001, 2), Currency::USD),
+        )
+        .unwrap();
+    store.post_entry(e).unwrap();
+    let jan = store
+        .create_period(
+            "2026-01",
+            NaiveDate::from_ymd_opt(2026, 1, 1).unwrap(),
+            NaiveDate::from_ymd_opt(2026, 1, 31).unwrap(),
+        )
+        .unwrap();
+    let half = Decimal::new(5, 1);
+    store
+        .close_period_to(
+            jan,
+            &ledger_core::CloseTo::Members(vec![(alice, half), (bob, half)]),
+        )
+        .unwrap();
+    // 100.01 splits 50.01 / 50.00 into the capital accounts.
+    let balances = |s: &Store| {
+        (
+            s.ledger().account_balance(alice).unwrap(),
+            s.ledger().account_balance(bob).unwrap(),
+        )
+    };
+    let want = (Decimal::new(5001, 2), Decimal::new(5000, 2));
+    assert_eq!(balances(&store), want);
+    let journal = std::fs::read_to_string(dir.join("journal.jsonl")).unwrap();
+    assert!(journal.contains("\"close_to\":{\"members\""));
+
+    drop(store);
+    let mut store = Store::open(&dir).unwrap();
+    assert_eq!(balances(&store), want);
+    store.rebuild().unwrap();
+    assert_eq!(balances(&store), want);
+    store.verify().unwrap();
+}

docs/mcp-interface.md

@@ -27,7 +27,11 @@ layer.
 `--data-dir`; override with `--books-toml PATH`): `[company] name` heads
 every report, `[company] fiscal_year_start` ("MM-DD", default "01-01";
 the year's end is derived, never stored) defines fiscal-year-to-date for the
-CPA package, and `[books] receipt_threshold` sets the receipt policy unless
+CPA package and the balance sheet's net income line, `[[company.members]]`
+(`name`, `share` as "50%" or "0.5", `capital_account` code; shares must sum
+to 100%) drives the statement of members' equity, `[books]
+accounting_basis` ("accrual" or "cash", default accrual) labels report
+footers, and `[books] receipt_threshold` sets the receipt policy unless
 `config.json` sets `receipt_policy`.
 
 ## Transports
@@ -85,8 +89,8 @@ below.
 - `books.get_entry { entry_id }` → full entry with lines.
 - `books.search_entries { account?, date_from?, date_to?, text?, limit?, offset? }`
   → entries with lines, newest first. `limit` caps at 100.
-- `books.trial_balance {}` → canonical JSON (same shape as
-  `reports::snapshot` trial-balance section).
+- `books.trial_balance { as_of? }` → `as_of`, lines, totals, `balanced`
+  (the trial balance as of the date, default today).
 - `books.balance_sheet { as_of? }` → totals (`assets`, `liabilities`,
   `equity`, `current_earnings`, `balanced`) plus `asset_accounts`,
   `liability_accounts`, `equity_accounts` (`{code, name, amount}`), as of
@@ -192,12 +196,27 @@ posting.
 
 ## Tools — export
 
-- `books.export { format: "csv" | "json" | "xlsx" | "pdf" | "iif", report:
-  "journal" | "trial_balance" | "profit_and_loss" | "balance_sheet" |
-  "cash_flow", start?, end?, as_of?, cash_accounts?, financing_accounts? }` →
-  `{ content, content_encoding? }`. CPA-ready output. `xlsx` and `pdf` are
-  base64-encoded; `pdf` covers the three financial statements; `iif` is
-  journal-only (QuickBooks Desktop). Cash flow needs `cash_accounts`.
+- `books.export { format, report, start?, end?, as_of?, cash_accounts?,
+  financing_accounts? }` → `{ content, content_encoding? }`.
+  - Reports: `profit_and_loss`, `balance_sheet`, `cash_flow` (needs
+    `cash_accounts`), `trial_balance`, `members_equity` (statement of
+    changes in members' equity; members from `wanderbooks.toml`),
+    `general_ledger` (by account: beginning balance, postings with running
+    balance and split, ending balance), `general_journal` (alias
+    `journal`: every entry, line by line, in date order).
+  - Formats: `pdf` and `xlsx` (base64) for the five statements; `xlsx`,
+    `csv`, `json` for every report; `iif` for the journal (QuickBooks
+    Desktop).
+  - Dates: period reports take `start` (default: first entry) and `end`
+    (default: today, local time); `balance_sheet` and `trial_balance`
+    take `as_of`.
+  - Presentation (PDF and XLSX alike, QuickBooks-style): centered company,
+    title, and period; a column-header row; "$" on subtotals and totals;
+    negatives in parentheses with decimal points aligned; a rule above every
+    sum and a double rule under statement totals; a footer with the
+    accounting basis, preparation date, and journal seq. Multi-member LLCs
+    get "Members' equity" with members named; the balance sheet separates
+    retained earnings from the fiscal year's net income (loss).
 
 ## Tools — import
 
@@ -260,10 +279,13 @@ R-FUTURE-3 and rides the engine roadmap, not the MCP layer.
 - `books.create_period { name, start, end }` → `{ period_id }`.
   Dates are YYYY-MM-DD, inclusive.
 - `books.close_period { period_id, confirmed? }` → without confirmation:
-  `{ status: "preview", lines: [...] }` showing the closing lines and posts
-  nothing; with `confirmed: true`: posts the closing entry (revenue debited
-  to zero, expenses credited to zero, net to `3999` Retained Earnings) and
-  marks the period closed. Closed periods reject new entries.
+  `{ status: "preview", lines: [...] }`: the exact closing entry (the close
+  run on a copy of the ledger), posting nothing; with `confirmed: true`:
+  posts it and marks the period closed. The entry zeroes revenue and
+  expense balances as of the period end; the net goes to `3999` Retained
+  Earnings, or, with `[[company.members]]` in `wanderbooks.toml`, to each
+  member's capital account by share. Periods close in order. Closed periods
+  reject new entries.
 - `books.list_periods {}` → `{ periods: [{ id, name, start, end, status,
   closing_entry }] }`.
 
@@ -336,10 +358,9 @@ entries.
 ## Tools — CPA handoff
 
 - `books.export_cpa_package { as_of?, cash_accounts, financing_accounts? }`
-  → `{ file_name, content_base64 }`. A zip with `trial-balance.xlsx`,
-  `general-ledger.xlsx` (every posted line: date, entry, description,
-  account, class, debit, credit), `profit-and-loss.pdf` (fiscal year to
-  date, per-account detail), `balance-sheet.pdf` (per-account detail), and
-  `cash-flow.pdf` (fiscal year to date, indirect method, reconciled to
-  `cash_accounts`). What the CPA needs; they never
-  log into the system.
+  → `{ file_name, content_base64 }`. A zip with the full set, each
+  statement as PDF and XLSX: `profit-and-loss`, `balance-sheet`,
+  `cash-flow` (reconciled to `cash_accounts`), `members-equity`
+  (multi-member LLCs), `trial-balance`; plus `general-ledger.xlsx` and
+  `general-journal.xlsx`. Period reports cover the fiscal year to date.
+  What the CPA needs; they never log into the system.

docs/parity.md

@@ -21,6 +21,9 @@ No other statuses.
 | Profit & loss | Reports → Income Statement | done | golden-covered |
 | P&L for a date range, line per account (closing entries excluded) | Reports → Income Statement (custom dates) | partial | hand-verified fixture + property tests; no golden file yet |
 | Balance sheet as of a date, line per account | Reports → Balance Sheet (as of) | partial | hand-verified fixture + property tests; no golden file yet |
+| General ledger by account (running balance, split) | Reports → General Ledger | partial | hand-verified fixture, ties to trial balance; no golden file yet |
+| Trial balance as of a date | Reports → Trial Balance (as of) | partial | hand-verified fixture; no golden file yet |
+| Statement of changes in members' equity | Reports → Statement of Changes in Equity | partial | hand-verified two-member fixture incl. rounding and a close; no golden file yet |
 | Reversing entries | Reverse transaction | done | linked via `reversal_of` |
 | Canonical report snapshots (JSON) | — (our oracle format) | done | `reports::snapshot` |
 | Fixed-asset register + straight-line depreciation | Fixed Asset register | done | `assets.rs`; golden-covered schedule; idempotent runs; disposal with gain/loss |

docs/requirements.md

@@ -47,6 +47,24 @@ requirement conflict, the requirement wins.
   reason. Period P&Ls partition: split a range anywhere and the halves sum
   to the whole, and a range's net income equals the change in current
   earnings across it (property-tested).
+- **R-9a — General ledger.** `general_ledger(start, end)`: by account in
+  code order, each with its beginning balance, every posting in the period
+  (date, entry, description, debit, credit, running balance on the account's
+  normal side), and its ending balance, which ties to the trial balance as
+  of `end`. Each posting names its *split*: the one account on the entry's
+  opposite side, or "-Split-" when that side has several (the QuickBooks
+  convention). The entry-ordered listing is the *general journal*, a
+  different report.
+- **R-9b — Trial balance as of a date.** `trial_balance_as_of(as_of)`.
+- **R-9c — Statement of changes in members' equity.** For a multi-member LLC
+  (partnership): each member's capital roll-forward — beginning,
+  contributions (credits to their capital account), allocated net income
+  (loss), distributions (debits), ending — plus a total that equals
+  balance-sheet equity. Earnings not yet distributed (retained earnings and
+  unclosed income) and the period's income are allocated by ownership share
+  to the cent, the last member absorbing rounding, so every row's total is
+  exact. Any equity change the roll-forward doesn't explain is shown as
+  "other", never hidden.
 - **R-10 — Canonical snapshots.** `reports::snapshot()` renders the three
   core reports as deterministic JSON (decimal strings, sorted lines, fixed
   keys). Two engines fed the same books must produce identical output. This
@@ -93,8 +111,16 @@ requirement conflict, the requirement wins.
   Reports work in base currency. (Full per-account currencies and translation
   remain future.)
 - **R-? — Periods and close.** Was R-FUTURE-2.
-  `ledger-core::periods`: `create_period`, `close_period` (posts closing
-  entry to `3999` Retained Earnings), closed periods reject new entries.
+  `ledger-core::periods`: `create_period`, `close_period_to(id, to)`; closed
+  periods reject new entries. The closing entry, dated at period end,
+  zeroes each revenue and expense account's balance **as of the period
+  end** (later-dated entries belong to later periods) and puts the net in
+  `to`: `CloseTo::RetainedEarnings` (`3999`, the corporate convention;
+  `close_period` is shorthand) or `CloseTo::Members` (each member's capital
+  account by share, to the cent, the last absorbing rounding: the
+  partnership convention). Periods close in order (`CloseOutOfOrder`). The
+  journal records the target, and replay re-derives the closing entry and
+  checks every line against the journal.
 - **R-? — A/R and A/P workflows.** Was R-FUTURE-5.
   `ledger-core::arap`: customers, vendors, invoices, bills, payments,
   AR/AP aging. MCP tools for the full workflow.

plan/STATUS.md

@@ -190,3 +190,28 @@ interface is MCP, not a cloned GUI. The first storage + MCP slice is done
   with a repeated header and "Page n of m". Core's cash flow now orders
   lines by account code (it followed HashMap order, so line order could
   change between runs).
+- 2026-10-11: The canonical report set. Core gained the general ledger by
+  account (running balances; QuickBooks' "split" = the opposite side of the
+  entry, "-Split-" when several accounts), the trial balance as of a date,
+  and the statement of changes in members' equity (capital roll-forward per
+  member, allocation by share to the cent, ties to balance-sheet equity).
+  The entry-ordered listing is now correctly called the general journal.
+  Reports render QuickBooks-style (Stephen's reference): Inter (bundled,
+  OFL) instead of the typst-assets serif fonts, centered title block, a
+  column-header row, multi-column statements (trial balance Debit/Credit,
+  one column per member), "$" on sums, rules above sums, a double rule
+  under totals, zero as 0.00, entity terms (Members' equity, Net income
+  (loss), standard cash-flow wording) and an "Accrual basis · Prepared …"
+  footer. "Today" is local time, not UTC (evening exports were dated
+  tomorrow).
+- 2026-10-11: Period close fixed and made partnership-aware. The close swept
+  every revenue/expense posting ever made, so a period closed after later
+  entries existed swallowed them (closing January in March closed February
+  and March too); it now zeroes balances as of the period end, refuses to
+  close out of order, and its preview is the real close run on a copy of
+  the ledger. A multi-member LLC closes into each member's capital account
+  by share (CloseTo::Members), the partnership convention, so capital
+  accounts carry allocated earnings; the members'-equity statement treats
+  those closes as income, not contributions, and the balance sheet shows
+  only unallocated earnings. Replay now checks closing lines, not just ids.
+

plan/roadmap.md

@@ -38,6 +38,41 @@ The primary interface is MCP, not a cloned GUI (Stephen's call, 2026-10-10).
 - egui or web; a dumb client holding no accounting logic.
 - This is the trust layer for humans (Stephen, Kat, the CPA), not the
   primary interface. Read-only at first; editing stays with the agent.
+- Design references (Stephen, 2026-10-11; screenshots shared in session,
+  described here):
+  - **Reports with a date range and a column interval** (QuickBooks
+    Desktop's P&L: From/To plus Columns = Year/Quarter/Month/...): any
+    statement split into one column per interval plus TOTAL, to see the
+    books over time. The multi-column statement layout in
+    `ledger-import::report` already renders this shape; the GUI (and the
+    exports) need a per-interval builder over the period-scoped core
+    statements.
+  - **Financial dashboard** (Coupler.io's QuickBooks dashboard): P&L,
+    balance sheet, and cash flow overview tables with Last month / Month to
+    date / Year to date columns, each beside charts — income vs. COGS +
+    expenses vs. earnings bars; stacked assets vs. liabilities + equity;
+    cash at end of period; net cash change.
+  - **Business overview** (QuickBooks Online home): cards for cash balance
+    with a trend, expenses by category (donut), profit and loss (income
+    vs. expenses), invoices (unpaid, overdue, paid), sales trend, and bank
+    account balances.
+  - **Revenue dashboard** (Coupler.io): KPI tiles (paid, overdue, open
+    invoices this month), an invoice table (number, customer, dates,
+    currency, home and foreign amounts, balance, totals), expenses by
+    category by month, invoices by status per month.
+  - **QuickBooks Online dashboard**: invoices (unpaid in the last year,
+    overdue vs. not yet due; paid in the last 30 days, deposited vs. not),
+    expenses by category (donut, last month), bank account balances (book
+    vs. bank, items to review), profit and loss (net income, income vs.
+    expenses bars), sales trend (line, by quarter).
+  - **KPI tiles with comparison** (QuickBooks accounting dashboard): income,
+    cost of goods sold, expenses, net profit, each with % change vs. the
+    previous 30 days; an auto date-range picker; cash balance over time
+    with a trend line; revenue by month, stacked.
+  - **Cash-flow dashboard**: bank balance, debtors, burn rate, cash runway
+    (days) tiles; income vs. expenses for the last six months; a net cash
+    flow forecast with a confidence band; A/P and A/R aging by days past
+    due (the engine already computes both agings); total burn over time.
 
 ## Phase 5 — Workflow parity