PL figure differs on the PL budget analysis report

Hi IHKinder, 

Thank you for your post and a warm welcome to our Community Forum.

 

I understand that you're trying to reconcile these two reports as they have always matched in the past. I apologize for the delay in response. The discrepancies you're noticing are typically due to end of year adjustments. To address this, you can modify the filters when running the profit & loss report to exclude Year-End Adjustments under “Display Transactions”. This should align the reports.

If you're interested in identifying what the end of year adjustments are, you can locate this information under Reports > Accounts > Transaction Journals > General Journals. Run this report for the financial year in question and select “Display Transactions” Year-End Adjustments Only.

 

Please don't hesitate to reach out if you need any further assistance.

 

If my response has answered your inquiry, please click "Accept as Solution" to assist other users find this information.

 

Thanks,
Genreve