You're not crazy—and your accountant isn't necessarily wrong. Profit and cash are two different lenses on the same business. Why Profit and Cash Don't Match Profit is an accounting result. Cash is money in the bank. They drift apart because of things like: ·        Timing of invoices and collections  – You've "earned" the revenue on paper, but the customer hasn't paid yet. ·        Prepaid or deferred revenue  – Customers pay early, but you can't recognize it as revenue yet