Reports with Liabilities included?

[M_artin]

Hello all:
Is anyone aware of a way to include liability accounts in PowerChurch accounting reports?
They seem to never show in the usual reports like Balance Sheets, Income & Expense reports, Changes in Equity.
Thanks!

[Jeff]

Liability accounts will show on the Balance Sheet report. They will not show on the I&E report. The changes in Equity report is for equity accounts and does not show any other type of accounts.

[M_artin]

But is there not a report that shows the total of all expenses, including liabilities? - Are we the only ones who have members who want to see a summary of total expenditures, taxes and other liabilities included?
Help!

[Jeff]

In the accounting world, reductions in liabilities are not expenses. If you were to try to report the reductions in liabilities as outflows, in some cases you would be reporting them twice. This would be the case with payroll deductions. They would show as both an expense and a reduction in liability when the tax/deductions were paid. This could also be the case with credit card payments depending on how you handled them in PowerChurch. Pass through contributions would also causes problems as well.

I am going to take a guess here and you are most concerned about the mortgage payments that they are not shown as expenses. Here is a thread that talks about how to handle this. viewtopic.php?f=3&t=3973&p=13531&hilit= ... ent#p13531

This is not technically correct accounting wise, but does let you show the mortgage as an expense and makes it easier to show in the budget. If you talk to an accountant, they will say this is not technically correct way to handle this as it overstates expense.

There is an accounting report called the Cash Flow Statement that is designed to reconcile the changes in cash with the income and expense statement. PowerChurch does not currently create this report. It can be difficult to understand because it has different sections for operating, financing, and investing activities.