The "Net Assets" value at the bottom of the screen does NOT match the Assets account Present(USD) value. So, when I saw the word "Net", I assumed Assets-Liability. But, as you pointed out, that would be Equity.
If I play with Edit:Preferences:Accounting Period I can keep or remove Grand total (at bottom of screen) If I change End Date, the Net Assets value does change, but not match. I have tried: Today, End of this year, End of previous year If I change Start Date, the Profits value changes, but the Net Assets remains the same. On Sat, Feb 24, 2024 at 3:44 PM Michael or Penny Novack < stepbystepf...@comcast.net> wrote: > On 2/24/2024 2:10 PM, Fred Tydeman wrote: > > I am looking at the Accounts account screen. > > At the bottom of the screen, is Net Assets: $xxx and Profits: $yyy > > I assume Net Assets is the current value of Assets - Liabilities. > > If that is the case, numbers are wrong by a lot. > > Wrong assumption. > > > If that is not the case, what is Net Assets? > > Net Assets. > > You need to go back the the tutorial until it is clear to you what are > "assets", "liabilities", and "equity" > > Net EQUITY would be net assets - net liabilities > > Michael D Novack > > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
