categories on home and business
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The client (or their accountant) must have set up the categories as numbers Trevor. I had a client similar and I edited each category to still be a number but also have the name after the number.
Go to Tools > Category List and click on each one to EDIT. In my case I left the numbers there as the accountant wanted them still but I found it easier with name in there too.
Regards, Robyn Kelly
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I have managed to produce P&L reports in Home & business with both categories & descriptions but I am having throuble reading these reports. The P & L report shows income/expenses by category but I cannot work out how to roll foward retained earning (as per the Balance Sheet) based on the full year profit & loss. Opening RE +/- profit/loss = closing RE Is there a trial balance report on Home & businss? Any ideas. I know I am a newby on this product but I need to raise journals to the practices reporting systems to prepare accounts/yearly BAS & tax return0
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Hi Trevor
Firstly, there is no Trial Balance report in Home & Business.
Next what I usually do is a balance sheet report with the Date Range as LAST YEAR and then Interval = YEAR. The difference in the EQUITY figures at the bottom of the report from one year to the next should be the same as your P&L for that financial year.
Also, there is no way to enter journals in Home & Busniess but I personally create an account called "Accountant Journals" and enter everything through there.
Hope that helps?
Robyn Kelly
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