I think my P&L defaults to including all invoices even if unpaid by end of year. Can I change it to including only payments received?
Hi Paula,
I'm afraid that the Profit and Loss report in Solar Accounts is only
designed to show figures using 'accrual' accounting - ie. it includes all
invoices, even if they are not yet paid. You would need to manually make
adjustments to the P&L 'cash' accounting figures - look at the Outstanding
Invoices report with the date at the beginning and end of the P&L report
period, then calculate the difference and apply it to your Sales Income
figures (you also need to do the same for Outstanding Purchase Invoices and
associates expense accounts)
