[GNC] Income statement incorrect
Derek Atkins
derek at ihtfp.com
Wed Jul 31 11:42:36 EDT 2019
Hi,
On Wed, July 31, 2019 11:30 am, Rich Shepard 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?
This is a question of Cash vs Accrual accounting. The business features
imply Accrual accounting, so yes, if you have Receivables that *is*
included in the Income Statement.
See https://bugs.gnucash.org/show_bug.cgi?id=95700
> TIA,
>
> Rich
> Please remember to CC this list on all your replies.
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-derek
--
Derek Atkins 617-623-3745
derek at ihtfp.com www.ihtfp.com
Computer and Internet Security Consultant
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