At some point recently, changes and discrepancies appeared on the Cash Summary report. Comparing reports to previously printed versions for the same dates reveals many differences.
Customer credits and various income accounts to which sales were allocated no longer appear. Instead,
Accounts receivable is listed in their place. The new entry, however, does not equal the total of the entries it replaces. As a result, the Total Inflows summation is different. Some of these changes may be the result of different thinking about what should go into this category.
Billable expenses is different from what it was before. And the outflow from
Retained earnings (which represents draws for a sole proprietor) is completely missing. So Total Outflows is not just different, but definitely wrong.
Whether or not one considers the makeup of Total Inflows and Total Outflows to be correct, the Net Increase (Decrease) in Cash Held as shown in the report is not the difference between the two. However, the Net Increase figure is correct, so Manager seems to be calculating it correctly, but not displaying things correctly. And that calculation does not apparently depend on the Total Inflows and Total Outflows shown on the report, but on some underlying summation.
@lubos, can you please explain why the makeup of the report has changed? And can the mathematical errors be corrected?