[GNC] General Ledger

[Adrian Yong]

Thank you very much, Adrien, Michael and Stephen for helping me understand
Gnucash...

I will submit the documents as suggested by Stephen and see what the
auditors say... They are CPAs...







On Thu, 19 Mar. 2020, 06:37 Michael or Penny Novack, <
stepbystepfarm at comcast.net> wrote:

> On 3/18/2020 1:52 PM, Stephen M. Butler wrote:
> > Adrian,
> >
> > I give my CPA three items:
> >
> > 1.  Balance Sheet.
> >
> > 2.  Profit Loss statement
> >
> > 3.  Transaction Report of all transactions for the year sorted by
> > account and then by date within account.
> >
> That last is the "general ledger" (when for all accounts). As I noted
> earlier, the NAMES gnucash uses for reports can be confusing.  There
> isn't a way around this  in many cases because what some of these
> reports would be called depends on the type of entity. Thus the report
> named "Income Statement" would be called "Profit and Loss" if the entity
> is a for profit enterprise but "Statement of Revenues and Expenses" by
> an organization/non-profit.
>
> Michael D Novack
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