Expense transactions from liability account, wrong total in cash flow.
Yes Man
re9vision at gmail.com
Tue Jun 7 13:46:54 EDT 2011
Derek,
Thanks. I now understand, got thrown off a bit initially.
On Jun 7, 2011 10:23 AM, "Derek Atkins" <warlord at mit.edu> wrote:
>
> Hi,
>
> Yes Man <re9vision at gmail.com> writes:
>
> > Cash Flow report shows wrong total for expenses made via libility
account.
> >
> > I set up a liability account to track money owed to my girlfriend.
> >
> > She buys me gas.
> > I enter transaction in liability account,
> > $67 expenses:auto:gas
> >
> > So the liability account shows I owe her, $67
> >
> > If I open the tab for expenses:auto:gas it shows correct total.
> >
> > But if I open Cash Flow, it shows zero.
> > The date range is correct, and the account selection is correct.
> > When I enter expense transaction from an assett account it shows up
> > correctly.
> >
> > How can I fix this?
>
> Run the correct report for the info you want. The Cash flow is correct
> showing $0, because you haven't actually paid anything. When you pay
> your friend back (Cash -> Liability) then the Cash Flow report will show
> that flow.
>
> For what you want you should run a Profit & Loss (or Income Statement)
> report. This will show you the total income and expenses you incurred,
> regardless of whether they came from Cash or Liability.
>
> > Please remember to CC this list on all your replies.
> > You can do this by using Reply-To-List or Reply-All.
>
> -derek
>
> --
> Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
> Member, MIT Student Information Processing Board (SIPB)
> URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH
> warlord at MIT.EDU PGP key available
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