Possible bug with Cash Flow Report
tonyn at openlearning.com
Thu Nov 5 21:41:09 EST 2009
Hi Mike or Penny,
Thanks for giving this problem so thought.
Ok, there is one detail I left out. I have paid my credit card bill out of
my checking account on September 22. The credit card balance on September
30 is correctly shown by GnuCash is $0. Shouldn't that zero out my Loan to
Shareholder account in the Cash Flow report?
On Thu, Nov 5, 2009 at 5:14 PM, Mike or Penny Novack <
stepbystepfarm at mtdata.com> wrote:
> GnuCash 2.2.9
>> April 3, 2009: I wrote a personal check to my business. I recorded this
>> a transfer (Deposit) into Liabilities:Loan from Shareholder
>> September 22, 2009: I paid for a personal car repair expense with my
>> credit card. I recorded this in my Credit Card account in the Charge
>> as a charge to Liabilities:Loan From Shareholder in the amount of
>> September 29, 2009: I cut a company check to myself in the amount of
>> $707.46. I recorded this in my check account account as a $707.46
>> withdrawal from Liabilities:Loan From Shareholder.
>> Now, with one exception, everything seems to be as it should be. Meaning:
>> 1) My liability account Loan from Shareholder shows a total of $0.00
>> 2) A balance sheet report (on September 30, the end of my fiscal year)
>> a balance of $0
>> but . . .
>> My Cash Flow report (10/1/2008 to 9/30/2009) shows:
>> Money into selected accounts
>> Loan from Shareholder -- $5000 (CORRECT)
>> Money out of selected accounts
>> Loan from Shareholder -- $707.46 (WRONG!)
>> It is as if GnuCash is not recognizing the September 22 credit card charge
>> even though it appears to be categorized properly.
> Looks right to me, Tony. You had a cash flow in of $5000 and a cash flow
> out of $707.46
> That $4.292.54 you think is missing? That cash flow hasn't happened yet.
> The transaction of September 22 was simply a transfer of liability between
> two liability accounts. Before you paid that personal expense with the
> company credit card the business owed YOU the money but now it owes the bank
> that money. The business still owes that amount, hasn't paid it yet.
More information about the gnucash-user