Michael -- yes; you are correct to correct me. Please forgive me — I am a cash is king kinda guy!
________________________________ From: gnucash-user <[email protected]> on behalf of Michael or Penny Novack via gnucash-user <[email protected]> Sent: Wednesday, November 26, 2025 12:29 PM To: [email protected] <[email protected]> Subject: Re: [GNC] Statement of Financial Position On 11/26/2025 7:57 AM, Ken Pyzik wrote: > Hi Geoff — If you go to Reports >>>Assets and Liabilities>>>Balance Sheet or > Balance Sheet (Multicolumn), this should give your account what he needs. He > may also ask for a cash flow and if he asks for that, it is Reports>>>Income > and Expenses>>>Cash Flow. > > The first shows you current financial positions. The second shows your > summary of income and expenses so that he can determine whether you are > making money or losing money. > > Hope this helps. > > Ken He may also want an "Income statement" (aka P&L, etc.). THAT (not the cash flow) indicates whether making or losing money. You might also need the ch flow but that is showing your cash position. You could be OK for cash (in the short run) but bleeding red ink (losing money) or you could be raking in profit but in danger of not having enough cash in hand for operations. Michael D Novack PS: ASK your accountant which of these reports he/or she wants _______________________________________________ gnucash-user mailing list [email protected] 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 [email protected] 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.
