[GNC] Income statement incorrect

[Adrien Monteleone]

Rich,

The report is accrual based by default. It will include AR because that is revenue that has been earned. Accounting standards require that revenue is recognized when earned, regardless of when it is actually collected.

If you want a cash-basis Income Statement, you’ll need to modify your included accounts in the Accounts tab of the report’s Options.

Regards,
Adrien

> On Jul 31, 2019, at 10:30 AM, Rich Shepard <rshepard at appl-ecosys.com> wrote:
> 
> Running gnucash-3.6 here. I downloaded the help and guide pdf manuals and
> assume they're for 3.6.
> 
> Using the start/end date options for the income statement report I see
> revenues much higher than shown in the checking account when I specify July
> 2019 as the date range. The brief description of the report in the guide
> gave me no insights into why the discrepancy exists.
> 
> The only possibility is that the report is showing accounts receivable that
> have not yet been paid. That would explain the discrepancy.
> 
> Is there a way to produce the income statement of only received revenue and
> not outstanding receivables?
> 
> TIA,
> 
> Rich