PM accounting practices

[Gretchen Williams]

Here is some month end numbers after I switched PMs:

Rental Income: $6743

Owner held security deposits: $2300

Total income: $9043

Expenses: $1846.44

Net income: $7225.31

**in a category he calls "other items : $2300 security deposits, $250 prepaid rents, -$4630 owner payout, added together: -1180

Net income: $7225.31

Other items: -$1180

Cash flow: $6045

now here comes another fun entry:

he takes Cash flow ($6045) , subtracts out the security deposits, again to arrive at $2845, which he labels "Actual cash flow" (what?)

I could go on, I am no CPA but something doesnt seem right here.  If anyone is good with numbers and can follow my numbers, if you have a comment or suggestion I would welcome it.

thank you!

Gretchen