Tax result <> bookkeeping result <> cash flow In many countries tax office does not care about your bookkeeping result. Tax is calculated using separate rules

Tax result <> bookkeeping result <> cash flow In many countries tax office does not care about your bookkeeping result. Tax is calculated using separate rules (and then becomes part of bookkeeping result). Also if we go to philosophical discussions: you can have great bookkeeping result yet no money, or lots of money now, but unprofitable projects (e.g. construction companies).