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Cash Flow Report vs P&L

Smithk410Smithk410 Member Posts: 2

Is it safe to say the best way to see actual business income generated is by looking at the "Cash Flow" report vs P&L mainly because P&L will add or subtract invoices that have yet to be paid while "Cash Flow" will only report invoices that have been reconciled?

I have multiple invoices made for next year that I plan on receiving money for next year, but don't want to see them in my reports for 2019- So to be clear, P&L will show these as profit since the invoice was made in 2019 but Cash Flow won't because they havn't been reconciled?

Hope this is clear! Just looking for a quick way to see what the business generated in 2019

edited March 31, 2021 in Accounting Technical Support

Comments

  • ConnorMConnorM Member Posts: 1,229 ✭✭✭

    Hey @Smithk410! Happy to confirm literally everything you've posted about here! Cash Flow will not include invoices that have yet to be paid, so if you're trying to see what you generated in 2019, that's going to be the best one to use!

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