Good afternoon and thank you for your answer.So I understand now that the cash
flow report and P&L can be different and you explained why.
I owe a business loan to the previous owner (owner financed). I made a payment
to her and I was thinking this should be an expense? So right now it does show
in the cash flow report but not in the P&L report.
This is how I build up GNU cash:March: Business Purchase: Loan (stock purchase)
$xxxx (in EQUITY)April: Payment 1- business loan $xxx (comes off in
Assets: Checking account)
Did I make a mistake in the way I build GNU or is a business loan not an
expense?Thanks for clearing this up.
Martijn Heuts
From: "[email protected]"
<[email protected]>
To: [email protected]
Sent: Wednesday, May 31, 2017 12:00 PM
Subject: gnucash-user Digest, Vol 170, Issue 63
Message: 6
Date: Tue, 30 May 2017 20:38:00 +0000 (UTC)
From: Martijn Heuts <[email protected]>
To: "[email protected]" <[email protected]>
Subject: Profit and loss/Cash Flow reporting question
Message-ID: <[email protected]>
Content-Type: text/plain; charset=UTF-8
Hello,
I am trying to understand the reporting part and trying to figure out my net
profit. First I pull up my monthly "Cash Flow" report which shows all incoming
money into my bank account andit shows all expenses?taking out of my bank
account (assets).
Then there is the?Income and Expenses?report.? This?report?shows "Income" which
doesn't add up to the actual income, so I assume it's "Charges" instead, right?
(I?had some?client's only paying half their balance at the time of the
order).Then?it shows expenses?which seem to be all actual expenses, BESIDES
some expenses from a liability account.
Let me explain:I just bought?this business a few months ago?and because of
circumstances I could not order?a product directly from a particular vendor as
my new account was not setup yet. Instead (with the previous owner's
permission) I ordered it through the previous owner's old account. This became
a liability?account in GNU?Cash for me. So the expenses I had?for the product I
put?in to a?liability account as I needed to pay the owner back (instead of the
vendor).
Now in the?Cash Flow report this expense shows up, as I paid her via a check
which came off my debit account (asset)But in the Income and Expenses report
this?expense does not show up (probably because I can't mark this as an expense
and liability at the same time).
So with all this said I am trying to figure out my profit as the Cash Flow
expenses are different than the Income and Expenses report.
I hope I am making some sense. I appreciate any help you can provide.Thanks and
have a great day!
Martijn
???
------------------------------
Message: 7
Date: Tue, 30 May 2017 18:09:12 -0400
From: Mike or Penny Novack <[email protected]>
To: [email protected]
Subject: Re: Profit and loss/Cash Flow reporting question
Message-ID: <[email protected]>
Content-Type: text/plain; charset=UTF-8; format=flowed
On 5/30/2017 4:38 PM, Martijn Heuts wrote:
> Hello,
> I am trying to understand the reporting part and trying to figure out my net
> profit. First I pull up my monthly "Cash Flow" report which shows all
> incoming money into my bank account andit shows all expenses taking out of my
> bank account (assets).
> Then there is the Income and Expenses report. This report shows "Income"
> which doesn't add up to the actual income, so I assume it's "Charges"
> instead, right?
Stop right there.
I think you are confusing what a "cash flow" report is supposed to show
(flow of cash) and what an "income statement" (aka P&L) is supposed to show.
Your example indicates the confusion.
a) You paid an expense by assuming a liability.
That would show in P&L but NOT in cash flow
b) You late paid off this liability
That would show in cash flow but NOT in P&L
BOTH of these reports can be important for a business for different
reasons. Business can be fine in terms of P&L (it's making a profit)
but might not have cash on hand when needed. Or a business might be fine
in terms of cash flow but facing long term troubles because losing money.
To see your net profit, use the "Income Statement" (aka: Profit and Loss
aka Statement of Revenues and Expenses)
Michael D Novack
------------------------------
Message: 8
Date: Tue, 30 May 2017 15:41:42 -0700
From: John Ralls <[email protected]>
To: Derek Atkins <[email protected]>
Cc: "Fross, Michael" <[email protected]>, Gnucash-User
<[email protected]>, Steve <[email protected]>
Subject: Re: GnuCash mobile
Message-ID: <[email protected]>
Content-Type: text/plain; charset=us-ascii
> On May 30, 2017, at 8:48 AM, Derek Atkins <[email protected]> wrote:
>
> Michael,
>
> "Fross, Michael" <[email protected]> writes:
>
>> IIRC, the goal for that is at the end of the year. Derek, if this is what
>> you
>> mean by the C++ rewrite, then apologies for the repetition.
>
> No, that's not correct. The goal for the end of this year is the C++
> rewrite. Turning GnuCash into a "true" database app is a longer-term
> project, more like ~3 years out.
That was the early, overly optimistic goal. It didn't happen. We've got C++
rewrites of part of libqof (most significantly date-time and numeric), the SQL
backend, and the CSV importer. The task for the remainder of this year is to
get that cleaned up and production ready.
I think we can get to "true database" in the next development cycle if we focus
on it.
Regards,
John Ralls
------------------------------
Message: 9
Date: Tue, 30 May 2017 15:46:19 -0700
From: John Ralls <[email protected]>
To: Derek Atkins <[email protected]>
Cc: Andy Pastuszak <[email protected]>, Gnucash-User
<[email protected]>, Steve <[email protected]>
Subject: Re: GnuCash mobile
Message-ID: <[email protected]>
Content-Type: text/plain; charset=us-ascii
> On May 30, 2017, at 8:59 AM, Derek Atkins <[email protected]> wrote:
>
> Andy,
>
> I believe that Geert is looking into GTK3 (not Gnome3) support, but I
> don't know the current status or if its expected to be completed in time
> for 2.8.
>
We got pushed to Gtk3 by RedHat withdrawing WebKit1 from Fedora 26; WebKit2 is
available only on Gtk3. Geert's done the work, it's in the Gtk3 branch on his
Github repo. The blocker at the moment is getting a Gtk3 Windows build, which
is what I'm working on right now--though WebKit2 isn't supported on Windows so
we have to use WebKit1 with Gtk3 there. We won't start the 2.7 beta cycle until
Gtk3 is merged, and we won't merge Gtk3 until the Windows build works.
Regards,
John Ralls
------------------------------
Message: 10
Date: Tue, 30 May 2017 18:59:55 -0400
From: Andy Pastuszak <[email protected]>
To: John Ralls <[email protected]>
Cc: Derek Atkins <[email protected]>, Gnucash-User
<[email protected]>, Steve <[email protected]>
Subject: Re: GnuCash mobile
Message-ID:
<cahv5kln7gs6wf0hrg0eeyuazx70g9cygjmpprqapq5hnp3o...@mail.gmail.com>
Content-Type: text/plain; charset="UTF-8"
Are there any UI changes with switching to GTK3?
On Tue, May 30, 2017 at 6:46 PM, John Ralls <[email protected]> wrote:
>
> > On May 30, 2017, at 8:59 AM, Derek Atkins <[email protected]> wrote:
> >
> > Andy,
> >
> > I believe that Geert is looking into GTK3 (not Gnome3) support, but I
> > don't know the current status or if its expected to be completed in time
> > for 2.8.
> >
>
> We got pushed to Gtk3 by RedHat withdrawing WebKit1 from Fedora 26;
> WebKit2 is available only on Gtk3. Geert's done the work, it's in the Gtk3
> branch on his Github repo. The blocker at the moment is getting a Gtk3
> Windows build, which is what I'm working on right now--though WebKit2 isn't
> supported on Windows so we have to use WebKit1 with Gtk3 there. We won't
> start the 2.7 beta cycle until Gtk3 is merged, and we won't merge Gtk3
> until the Windows build works.
>
> Regards,
> John Ralls
>
>
>
------------------------------
Message: 11
Date: Tue, 30 May 2017 16:45:04 -0700
From: John Ralls <[email protected]>
To: Andy Pastuszak <[email protected]>
Cc: Derek Atkins <[email protected]>, Gnucash-User
<[email protected]>, Steve <[email protected]>
Subject: Re: GnuCash mobile
Message-ID: <[email protected]>
Content-Type: text/plain; charset=us-ascii
> On May 30, 2017, at 3:59 PM, Andy Pastuszak <[email protected]> wrote:
>
> Are there any UI changes with switching to GTK3?
>
I don't know offhand, but I'd guess there will be some minor ones. Theming will
be completely different, obviously.
Regards,
John Ralls
------------------------------
Message: 12
Date: Wed, 31 May 2017 09:20:36 +0200
From: Geert Janssens <[email protected]>
To: [email protected]
Cc: Andy Pastuszak <[email protected]>, John Ralls
<[email protected]>, Derek Atkins <[email protected]>, Steve
<[email protected]>
Subject: Re: GnuCash mobile
Message-ID: <[email protected]>
Content-Type: text/plain; charset="us-ascii"
On woensdag 31 mei 2017 00:59:55 CEST Andy Pastuszak wrote:
> Are there any UI changes with switching to GTK3?
>
As John said already mentioned the theming in Gtk3 is completely different
from Gtk2. So Gnucash will look differently in some ways.
I didn't deliberately make gui changes. Where necessary I did replace Gtk2
function calls that no longer exist with Gtk3 equivalents.
Regards,
Geert
------------------------------
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