On Wed, 3 Jul 2019, benny.webs...@gmail.com wrote:
The balance sheet is a snapshot in time. It reflects the asset, liability and equity account balances as of the date you choose. Compare two or more balance sheets to see how those balances change over time (eg. month-end to month-end or year-end to year-end). Income and cash flow statements cover a period of time and should reflect the changes in the balance sheet accounts.
Benny, That makes sense. Since I'm not an accountant I did not recognize that it's a snapshot and thought it represented an unspecified time range up to the current (or otherwise selected) date. Thanks for clarifying, Rich _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
