how to view total for expenses subaccount

[Girard Aquino]

Robert Stocks wrote:
> I think the confusion here is that the "Cash Flow" report is not the
> correct report to use to answer Girard's original question and my tip
> about including the CC account in the Cash Flow report, changes the
> report to not be Cash Flow in the strict accounting meaning of the
> term.
>   

I see.
>
> Girard to answer the question what was the break down of my expenses
> in the period xxxx to yyyyyy which I belive was your original
> intention, you should use the Report "Income and Expense" -> "Income
> Statement"   then go to the options and chose the period you are
> interested in.
>   

This works too eh... and it's much easier given that I don't have to 
include Liabilities>CC every time I produce the report.

OUT OF TOPIC: Can we not set a user-defined report option to become 
default in GnuCash?

> The name of this report could be better in my opinion as it includes
> expenses as well as income.
>
> hope that clears things up.
>
> Robert.
>
> 2008/10/30 Mike or Penny Novack :
>   
>>> Thanks for that, but I this is exactly how I enter my transactions. My
>>> original problem was including the Liabilities that went somewhere in
>>> the Expenses account in the Cash Flow report.
>>>       
>> This isn't related to the fact that we might be using GnuCash to
>> automate the keeping of the books and producing the reports. The "cash
>> flow" report is important (or income/expense report or whatever is
>> showing income and expenses for a period) but it is usual to supply
>> along with this  "balance sheet" reports for the start and stop dates of
>> the period. It is these that would show the change in liabilities and
>> assets.
>>
>> Fundamentals. Assets = Liabilities + Equity
>> You can rearrange, so Assets - Liabilities = Equities and thus changes
>> to (Assets - Liabilities) = changes to (Equity)
>>
>> You can think of Equity as "net worth".
>>
>> Accounts of type "Income" and "Expense" are temporary accounts used to
>> categorize those changes to equity during an accounting interval. If the
>> total of income is greater than the total of expenses, net worth is
>> increasing, otherwise decreasing, the most famous literary definition
>> being in "David Copperfield" by Dickens. But this alone doesn't show the
>> position relative to CASH (current assets immediately available). That's
>> why you need also produce the balance sheets. It's not just  liabilities
>> you need to worry about  but possibly assets also  (some of that income
>> might be increase in assets but not CURRENT assets so that while your
>> net worth has increased you might have a CASH problem --- or conversely,
>> your cash position might be excellent but headed toward a crash because
>> liabilities increasing faster).
>>
>> Michael
>>
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>
>
>
>   



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