[GNC] Statement of Financial Position

[Ken Pyzik]

Michael -- yes; you are correct to correct me.  Please forgive me — I am a cash is king kinda guy!


________________________________
From: gnucash-user <gnucash-user-bounces+pyz01=outlook.com at gnucash.org> on behalf of Michael or Penny Novack via gnucash-user <gnucash-user at gnucash.org>
Sent: Wednesday, November 26, 2025 12:29 PM
To: gnucash-user at gnucash.org <gnucash-user at gnucash.org>
Subject: Re: [GNC] Statement of Financial Position

On 11/26/2025 7:57 AM, Ken Pyzik wrote:
> Hi Geoff — If you go to Reports >>>Assets and Liabilities>>>Balance Sheet or Balance Sheet (Multicolumn), this should give your account what he needs.  He may also ask for a cash flow and if he asks for that, it is Reports>>>Income and Expenses>>>Cash Flow.
>
> The first shows you current financial positions.  The second shows your summary of income and expenses so that he can determine whether you are making money or losing money.
>
> Hope this helps.
>
> Ken

He may also want an "Income statement" (aka P&L, etc.). THAT (not the
cash flow) indicates whether making or losing money. You might also need
the ch flow but that is showing your cash position. You could be OK for
cash (in the short run) but bleeding red ink (losing money) or you could
be raking in profit but in danger of not having enough cash in hand for
operations.

Michael D Novack

PS: ASK your accountant which of these reports he/or she wants


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