On 2/24/2024 2:10 PM, Fred Tydeman wrote:
I am looking at the Accounts account screen.
At the bottom of the screen, is Net Assets: $xxx and Profits: $yyy
I assume Net Assets is the current value of Assets - Liabilities.
If that is the case, numbers are wrong by a lot.
Wrong assumption.
If that is not the case, what is Net Assets?
Net Assets.
You need to go back the the tutorial until it is clear to you what are
"assets", "liabilities", and "equity"
Net EQUITY would be net assets - net liabilities
Michael D Novack
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