[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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