On 2026-07-25 16:09, Paul Kroitor wrote:
"In accounting the delta is called a Profit and Loss report or Income
Statement."
Well, yes and no. While this intimate relationship between Balance
Sheets and Income Statements is Accounting 101 -- I usually use the
"fence and fence posts" analogy to explain them to neophytes -- I
believe the delta Stuart is discussing here is the net change of each
account between the Balance Sheet of date A and of date B.
Won't a transaction report run on just the balance sheet accounts do
that with the option of displaying / not displaying transaction detail
as required?
Obviously the totals of the two things will match, as the overall
income less expense always equals the net change in equity on the
balance sheet. But the Income Statement lists the incomes and expenses
per account (eg. widgets sold, components purchased), whereas delta
column shows the difference in the assets and liabilities (eg. bank
accounts, inventory) between the first and second balance sheet columns.
I think most people have been trying to nudge Stuart to producing a
better set of accounts rather than reproducing what they used to do on a
spreadsheet. I had a look at the Oz requirements yesterday and they
expect what we would understand as standard accounts.
Wm
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