I started using iCash in Aug'09 and hence my year in iCash starts from Aug.
Now when I check Profit and Loss, monthly summary, the averages under income and expense are calculated for period August to July. It should be actually the average till current month.
Am I right?

I have checked right now and the average is from the beginning of the period up to today. Do you get something else? How did you set the period in the preferences?

I have set financial year to start from August.
I mean that the average income or expense shown for the period Aug'11 to July'12 should be average till date.
It should be total income divided y no. of months, and not total income divided by 12.
Screenshot attached for reference.

Ok, now I know where the problem comes from, the fiscal year starting on august. I have fixed the problem.

Great !!
Thanks for quick reponse.

Thanks to you for report gin problems. I wonder if the budget problem is not related to that as well. With this new info I can do more tests.