Balance Sheet LSL not adjusting

LAB
LAB Member Posts: 10 Reckoner Reckoner
in Reckon Accounts (Desktop)

I am using Reckon Hosted and the Long Service Leave on the balance sheet isn't adjusting to the correct amount. The Leave Liability Report is correct. How do I get around this. thanks

Comments

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,208 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Hi @LAB

    Financial reports (eg Bal Sheet & P&L) are based on actual monetary transactions rather than changes in liability entitlements. If you want to see leave liability movements, this needs to be entered as a GJ. (If wanting to reflect this, the GJ would usually be done periodically eg quarterly or annually)

    Shaz Hughes.png

    Email | Website | Google Reviews | Facebook Reviews

Categories