I am an accountant that needs to login onto multiple Accountright Live Files. When I access the Online Library I have to login with my my.myob user details but then when I open a client file I have ...
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Hello @sheree
The job profit and loss will show the income and cost of sales from any item SALE with the job applied. If you use the inventory function in AccountRight, you are agreeing to track your items as an asset until they're sold. This means that there is no expense or cost of sales on a purchase, because the inventory is being tracked as an asset instead. This is normal and correct process for inventoried items.
The cost of sales component instead appears on the sale (instead of the purchase), as this is when the item no longer gets tracked on your balance sheet as an asset and instead becomes cost of sales. If you put the job against the sale, then AccountRight will show the cost of sales on the job profit and loss against that job. It will just occur on the sale date (as it should), rather than the purchase date. So the job profit and loss will correctly show the true profit and loss from a job, but that profit and loss will correctly only show cost of sales for inventoried items, after the invoice for that job has been raised.
Rather than a profit and loss, are you wanting a report that will show the dollar value of all purchases against a job, regardless of whether or not the purchases were item purchases?