Profit and Loss figures don't match my Profit and Loss Report

Question

Certain payruns that have been run show up in a General Ledger report but not in expense account

For instance:

Wages in Profit and loss are $309,994.14  and super is $30,967.06

In the general ledger, these accounts are $323,922.62 and $32,359.90 respectively.

It's as if payruns 280 to 298 are invisible to the profit and loss report.

David_H · Answer

No joy I'm afraid

Payment date in the same financial year

In Find my transactions for Wages and Salaries, the Ending Balance is $199,829.33 as at 26 April through to 30 April.

As at 1 May, the Opening Balance magically becomes $185,900.85.

MYOB have taken a copy of the file and I hope they can fix it.  I think the balances are incorrect in the background where the P & L is drawn from.  This background amount I suspect allows reports to be run quicker than summing the transactions.  As this background is not reflecting the General Ledger as it should, the P & L is out.

LRBooks61 · Answer

The payment dates of the payroll will affect your p&l

so what are the payment dates of the payrolls that you say are missing?

if you drill down into the account in your p&l you can see exactly what transactions are appearing in that year. You should be able to figure what is what from that

Lisa

David_H · Answer

Posting a journal doesn't help because the wages and super accounts will increase on the P & L  which is also reflected in the General Ledger Report.

Also for the record is 19 payslips that are affected.

Payment dates, running the P & L in accrual vs Cash, putting a balance in an opening balance and removing it - none of these things work