It's been rumoured that Bill Gribble said:
>
> On Mon, Feb 05, 2001 at 02:59:27PM -0600, [EMAIL PROTECTED] wrote:
> > someone needs to write a 'cash flow' report, which is missing in the
> > current version.
>
> Actually isn't it the other way around? I would have thought only
> income and expense accounts would be part of cash flow.
No; Carol nailed the answer:
income & expense summarize includes changes to all assets (e.g. mortgage
principle) and you want to exclude non-cash assets from the cash-flow
report. So buying 1000 widgets is a net cash-flow out, even though
your net worth didn't change before & after.
cash-flow = income - expense - non-cash assets + non-cash debts
or something like that.
--linas
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