compare whole of march 2019 with whole of march 2020
Options
jennifer byrne
Member Posts: 35 ✭
comparing the whole of march 2019 with whole of march 2020 to compare % changes for the Govt stimulus package
0
Comments
-
Hi Jennifer,
You would want to generate a P & L Prev Year Comparison
Reports>Company & Financial>Profit & Loss Prev Year Comparison
Change your Dates to be Last month
This should give you the information you need
Good luck
0 -
In addition - go to Modify Report and Click the % change option to give you a definitive calculation on the % reduction in turnover.1
-
Thanks greatly.
0 -
Larissa - so you would be looking at the top income figure? If you are cash accounting then this is the date that money is received so could relate to an earlier period. I'm confusing my self and hoping you can help!!
0 -
Hi Maria,
The ATO's eligibility criteria says (for a business with a turnover of less than $1 billion) a 30% fall in "GST" turnover, so I would "assume" if you are on a cash basis then it would be monies received in that month. If on an Accrual basis, it would be your Invoices for that month, regardless of when you receive the money.
In saying this the ATO are continually updating the information they provide, and may give further clarification on this soon.
I hope this helps.
Larissa
0
Categories
- All Categories
- 6.4K Accounts Hosted
- 10 📢 Reckon Accounts Hosted - Announcements
- 5.9K Reckon Accounts (Desktop)
- 3 📢 Reckon Accounts Desktop - Announcements
- 1.3K Reckon Payroll 🚀
- 21 📢 Reckon Payroll - Announcements
- 21 Reckon Payroll Help Videos 🎥
- 21 Reckon Mate App
- 3K Reckon One
- 7 📢 Reckon One - Announcements
- 10 Reckon Invoices App
- 14 Reckon Insights
- 107 Reckon API
- 822 Payroll Premier
- 307 Point of Sale
- 1.9K Personal Plus and Home & Business
- 62 About Reckon Community