[GNC] Balance sheet report period

[benny.webster at gmail.com]

Rich,

The balance sheet is a snapshot in time. It reflects the asset, liability and equity account balances as of the date you choose. Compare two or more balance sheets to see how those balances change over time (eg. month-end to month-end or year-end to year-end). Income and cash flow statements cover a period of time and should reflect the changes in the balance sheet accounts.

B.W.

Sent from my iPhone

> On Jul 3, 2019, at 08:47, Rich Shepard <rshepard at appl-ecosys.com> wrote:
> 
>> On Wed, 3 Jul 2019, D wrote:
>> 
>> Although it might not be fully clear, the Guide states that the Balance
>> Sheet report "provides totals as of a given date."
> 
> David,
> 
> This is fully clear. I wanted to confirm that it meant the results include
> everything for the past three years (since I switched back to GnuCash at the
> beginning of 2017).
> 
> If that's how accounting works, so be it. I pay my accountant to do the
> right things with the numbers I provide from GunCash.
> 
> Thanks,
> 
> Rich
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