[GNC] Income Statement for specific Asset Account ?

Michael or Penny Novack stepbystepfarm at comcast.net
Wed Mar 11 09:28:22 EDT 2020


On 3/10/2020 11:19 PM, Peter West wrote:
> Cash Flow is one of the Income & Expense reports in the Reports menu 
> (on my Mac, anyway.)
>
> Peter
>
> --

Yes, grouped there. But as I have tried to point out, cash flow and 
income & expense are NOT the same. An entity cold be doing fine in terms 
of P&L but be facing a cash flow crisis or could be doing OK in terms of 
cash flow (for now) but be deeply in the red in terms of profitability.

That's why BOTH of these reports are necessary. They are reporting on 
different things. Economic "health" requires being OK in both these ways.

Michael D. Novack



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