Profit & Loss Sales do not match Sales or Tax Liability

Roddis
Roddis Member Posts: 1

Hi, Can someone explain why this year my Sales by Customer Summary and Tax Liability match but my Profit and Loss Sales do not. I use an Accrual system and have not sold any assets this year.

This has had huge implications on my net income.

Comments

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,322 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    Hi Roddis

    Sounds like an issue with your Item linked accounts.

    Have a look at your Item List & check that all Items are linking to an Income account on the Sale side (& - where applicable - an Expense or COGS account on the Purchase side)

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

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