Possible bug with Cash Flow Report

[James Kerr]

On Friday 06 November 2009 Anthony Nelson wrote:

> I think when the company receives a loan it should be a liability. 
> No?
>
> Yes, there is a link in the cash flow report for Loan From
> Shareholder.  It shows up in both the "Money into selected accounts
> comes from" and the "Money out of selected accounts comes from"
> parts of the report.  Both links take me to the Loan From
> Shareholder account, which shows a balance of $0.
>
> I'm still confused, and in spite of everyone's generous help I'm
> afraid I am getting more confused.  The account does display
> properly in the Balance Sheet so maybe that is just good enough.  I
> will not attempt this type of transaction moving forward.
>

Perhaps I'm missing something, but didn't the cash flow take place 
when the company paid the credit card bill? We're looking at *cash* 
flow here not change in equity or net income. A change in your "Loan 
to Shareholder" account is, I would think, only relevant to a cash 
flow statement if it involves "cash flow".  

Jim