On 7/13/23 5:19 PM, Stephen M. Butler wrote:
Based on some experimentation, I suspect:
1. Grand Total should always be zero (blank). If ever non-zero it
means you have an out-of-balance transaction (maybe more than one)
somewhere.
It is not possible to have an out-of-balance transaction. Gnucash
automatically creates a balancing split using the Imbalance-XXX account
or the Orphan-XXX account.
Note, it seems there are only TWO figures on this bar, and not THREE
with the first one simply 'missing'.
This first label, currency symbol, is telling you what the next two
figures are denominated in, though this is redundant since the currency
symbol is repeated with the actual amounts. I'll file a bug on this.
This space would be much more useful with a 'Current Net Worth' figure
there. I'll file an RFE for this.
If you have a book that has assets and/or liabilities in multiple
currencies, you will see those separately listed in the Summary Bar drop
down.
You can see the Summary for *only* those accounts in your Book Currency,
or you can select Grand Total and see the Summary for *all* accounts
*converted* to your Book Currency.
2. Net Assets appears to be Assets - Liabilities + Income - Expenses.
So, Total Equity including retained earnings/losses.
That would be a current Net Worth figure, but it doesn't appear that way
for me. If I include Income & Expenses the numbers don't match.
I've found that this number is the result of:
Assets - Liabilities + Orphan-XXX + Imbalance-XXX, for the chosen currency.
That is, if I select USD as the currency, ONLY accounts denominated in
USD are included in the equation.
How Accounting Period comes into play:
If I choose last year as the accounting period, my Net Assets figure
changes by the amount of *this* year's (2023) 'Profits' figure because
those weren't part of my Assets as of 12/31/22. (not because the Income
and Expenses accounts are part of the equation for this figure, because
they are not)
This figure is just as it says - Net Assets *in that currency* and it is
'as of the end of your current Accounting Period'.
3. Profits appear to be Income - Expenses for the current year.
Yes. Same for me and it is certainly affected by the Accounting Period
preference. But it works as expected regardless of the preference.
That is, if I choose relative 'start/end of this year' then it is this
year's numbers. If I choose Absolute and put 1/1/23 & 12/31/23, then it
is still this year's numbers.
If I choose Absolute but put 1/1/22 & 12/31/22, OR if I choose Relative
'start/end of previous year', it is last year's numbers.
The choice of Relative vs. Absolute doesn't give inconsistent results.
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Finally, none of this appears documented in Help where the Summary Bar
is described. That existing description references how the Summary Bar
behaves in tabs *other than* the Account tab, which I believe is a bug,
and I'll file that too. (the Summary bar is later described in each
context separately anyway)
Also note, the documentation references a 'Summary Bar' for the Accounts
tab and for individual register tabs, but they visually appear
different. (the Account tab Summary Bar is a drop down with a currency
choice, whereas the register Summary Bar is fixed to the currency of the
account)
Regards,
Adrien
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