Need a Snapshot Report

[Mike or Penny Novack]

c

>
>Here's what I have finally done, though I think there will be potential
>problems in the future in how I retain money from previous months for
>purchases in future months. 
>
What I suggest is that you:

a) Try the "Income Statement" report.
b) You will need to play around a bit with the "options". But once you 
have learned how to use this report you will not have to deal with 
things like "previous balance". The report will only consider 
transactions within the specified interval. But to repeat, you will need 
to learn how to set "start date" and "end date". The report will all by 
itself generate a line for the (prospective) change to equity. That's 
the net gain or loss for the interval which gets closed to equity when 
and if you do a "close the books" operation.

c) Money set aside for a future expense is a whole other kettle of fish. 
Are you keeping books "cash" or "accrual"?

Michael