Expense report to exlude unpaid liabilities

Cobey

Hi how would I go about creating a custom expense report that lists all expenses but excludes any unpaid liabilities

Kris_Williams

A profit and loss does not include unpaid liabilities, as Shaz explained.

Cobey

Good Morning Kris,

But it does include unpaid super liabilities. We need a report to run monthly expenses excluding unpaid liabilities to calculate service fees.

Any ideas besides manually subtracting them?

Acctd4

Hi Cobey

The Super & PAYG are part of your expenses (the liability of them is a separate component). Therefore, Service Fees would normally include these expenses!

If you really want to (incorrectly) exclude those amounts, Modify the Profit & Loss - On the Filters tab, select Account then Multiple Accounts … in the dropdown & tick every account except these 2 😳

Kris_Williams

If you look on the balance sheet you will see the liabilities on there for the outstanding super and group tax, but Shaz’s suggestion will give you what you want. But if you untick Super on the P & L you won’t get a true net profit/loss, there will be no wages expense on the list at all