interesting Figures (Shouldn't They Match?) **CLOSED THREAD**

[Liz]

On Tue, 28 Feb 2017 16:10:31 -0500
Mike or Penny Novack <stepbystepfarm at dialup4less.com> wrote:

> >> I am closing this thread.
> >>
> >> The point remains the Balance Sheet Unrealized Gains/Losses and the
> >> Advanced Portfolio Unrealized Gains/Losses DO NOT MATCH.
> >>
> >> I understand why the Investment Totals WILL NOT MATCH, since Cash
> >> is NOT included in the Advanced Portfolio Report.
> >>
> >> However, the sum of all the cash accounts and the investment
> >> accounts from the Advanced Portfolio Report should balance between
> >> the two reports.  
> I am not sure this should be closed yet because I am uncertain that 
> there isn't confusion about the term "cash".
> 
> An investment fund (IRA, etc.) at any time might have some of the
> fund balance held as cash or cash equivalents but that is still part
> of the fund. NOT the same thing as "cash" under "current assets". Yes
> it is cash but it isn't YOUR cash until received as a distribution
> from the fund. And BTW, when an investment fund says that they are
> holding some of the assets in the form of cash that usually means
> "cash equivalents" << and it certainly did mean that a few decades
> ago when the overnight rate wasn't essentially zero >>
> 
> So this cash that isn't being accounted for the same way in different 
> reports; WHERE in the CoA is the account for it (under what parent).
> 
> 
> Michael
> 

Thanks for that Michael. I was thinking the same way, that "cash" to me
means physical notes held at home, and that "Cash" that Jay is thinking
of is actually a bank-type account which contains easily accessible
reserve funds.

Liz