I think there was an accounting glitch of some kind

yourefired · **on:** April 09, 2008, 01:18:09 pm

Basically, my cash balance shown is lower than what it says on the income statement and the cash flow statement. It's like about 1.1 million euros gone missing or something like that. I mean it's not that big of a deal (in the long run, it's not that much money anyway), so if you have to suspend my account to investigate, don't worry about it, but just letting you know that I think there is an accounting mistake.

DOP: 2,776,750
Cash balance: -8,818,915

Income statement:
Total profit: -7,741,272

Cash Flow:
Retained Earnings: -7,425,850

Given that I remember having about 20k in cash before 8AM, and that my income statement shows a loss (for the time being) of -7,741,272 there is no way I'd have a cash balance of -8.8 million.

To Date (This Month)     Projected Totals (For End of Month)
Ticket Revenue (Daily)    €2,805,188    €67,324,512
Misc. Revenue (Daily)    €19,533    €468,792
Lease Revenue (Monthly)    €0    €0
Total Revenue    €2,824,721    €67,793,304

Fuel Expense (Daily)    €22,256    €534,144
Staff Expense (Daily)    €13,871    €332,904
Misc. Expense (Daily)    €11,844    €321,516
Gate Rental Fees (Monthly)    €9,850,000    €9,850,000
Maintenance Fees (Monthly)    €668,022    €668,022
Lease Expenses (Monthly)    €0    €0
Total Costs    €10,565,993    €11,706,586

Profit/Loss    €-7,741,272    €56,086,718

StephenM · **Reply #1 on:** April 09, 2008, 01:25:29 pm

Cashflows are a little off. Somewhere along the lines there must be a direct update to airline cash instead of through the 2 formulas we use to Debit and Credit cash.

yourefired · **Reply #2 on:** April 09, 2008, 03:05:28 pm

I keep getting money siphoned off. I was worth 81.5 million at the rollover and now, 2 hours later, I'm worth 82.5 and I'm supposed to be worth ~87 million.

I'm sensing some embezzlement going on......cash balance is getting credited fine, but my DOP doesn't get credited to my value (or a significant portion goes missing....I'm not gonna write off 2.3 million euros in value every hour....I was willing to write off the 1.1 million-let's assume that that was cash flows being out of whack-but 2.3 per day is a lot of money to write off.)

AirHanoverInternational · **Reply #3 on:** April 09, 2008, 05:23:15 pm

Did you buy anything?
Did you broker anything?
Did you rent gates?
Did you update routes?

Or did you anything that may have an affect to your cash/value?

yourefired · **Reply #4 on:** April 09, 2008, 07:16:10 pm

I figured it out. I brokered 2 G3s that were 12 million each and then I wrote off another 1.1 million that went missing.

killian320 · **Reply #5 on:** April 09, 2008, 07:25:49 pm

Problem found, thread locked.