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Income based on money received

In totalling income for a given year, as far as I can see, the program includes amounts that have been invoiced but not yet paid. Is it possible to find the total income based on all money that is actually received in a given year?


Posted by David Quin on Dec 8, 2008 2:25 PM GMT

Solar Accounts doesn't include a report which shows cash-based income, but you can calculate it from the Balance Sheet and Profit and Loss reports. For example, if your Accounts Receivable balance is £400 on December 31, 2007 and £600 on December 31, 2008, it means that the cash you have received during the year is £200 less than the income shown in the Profit and Loss report.


Posted by Mark McLaren (Solar Accounts) on Dec 9, 2008 7:46 AM GMT