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profit & loss standard vs. profit & loss detailed
11/6/09 2:53 PM, Viewed by asker 11/17/09 12:03 PM
Total Views: 28
Total Views: 28
I printed a profit & loss standard and then ran a profit & loss detailed report for the same period of 9/1/09-9/30/09. they are different. How can this happen?! what do I need to do to fix it? which one is correct? please help!
All Replies: Answers (1)
Comments (1)
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Answer
11/9/09 4:15 AM
Ok, assuming you are positive about the same period and that you ran the two reports back to back (avoiding the possibility that somebody else is entering data), one possible problem is that you are running one in accrual and the other in cash.
P&L detailed is where you really get down into the nitty gritty and you may need some help if it takes a lot more ferreting out.
(Edit: for instance, is this the only month where you get the error?)
Does this help?
Comment
Thank you for letting me know that you can run reports in cash or accrual. I had no idea what that meant. I did a little research, and found my answer. I have now changed all of the reports to run in accrual. Many thanks! :) (what a crazy system)