Report expenses with a negative value.

MrStuart
MrStuart Member Posts: 2 Novice Member Novice Member
in Reckon Accounts (Desktop)

Hello,

I am using Reckon Accounts Enterprise: Manufacturing and Wholesale Edition 2022.

I am wondering if there is a way to generate a P&L report that displays expenses with a negative value? Would help alot with the reporting efficiently to the expectations we must adhere to by our parent company.

Best Answer

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,820 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    Answer ✓

    @MrStuart If you click on the Net Income figure on the P&L to drill down on it, this will generate the Transaction Detail by Account where the expenses transactions are actually displayed in the negative. Unfortunately, this is only an option in these detailed reports though not on summary ones - like the original P&L itself - as a Profit & Loss isn't traditionally formatted with negative figures from an accounting perspective!

    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 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

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    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)

Answers

  • Kris_Williams
    Kris_Williams Member Posts: 3,702 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited October 2022

    I wouldn’t have thought so, unless the account was in negative. I think I know what you mean and pretty sure the answer is a resounding no. Only alternative would be to export to excel and modify it there

  • MrStuart
    MrStuart Member Posts: 2 Novice Member Novice Member

    Thanks Kris, bit of a shame, adds a bit more work to my life haha. Hope they have plans to implement this.

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