5

At the bottom is a summary bar, which shows "Net Assets" and "profits". I'm slightly baffled at what GNUCash thinks profits are, since it seems to be different than "net worth".

7

It is different than "net worth", isn't it?

Profits = income - expenses

Net assets = assets - liabilities.

  • by that measure, I should have 45k in profits, not 10. Is there some accounting period perhaps? – jldugger Aug 20 '12 at 5:32
  • 4
    Looks like it is for the current year. Also, make sure you categorize your accounts correctly. You can see the calculation in the "Profit & Loss" report. – littleadv Aug 20 '12 at 5:52

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