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pippypip's avatar
pippypip
Trusted Cover User
6 months ago

Report v Actual

When I added all my income for January from my bank account it came to a figure of lets say $5000 Gross Profit .

When I run my profit and loss report it showed $30 more in Gross Profit which doesn't make any sense to me as to why.

Im using Cash Accounting method so it should really be straight forward.

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  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator
    6 months ago

    Hi, pippypip

     

    Thanks for your post.

     

    If there is an extra $30 showing on your profit and loss report, this may be because there is a transaction that was not added or has been added from a previous month. Kindly check each transaction showing up on your profit and loss report. On the Total column, click on the amount to view all the transactions.

     

    Please let us know if you require further assistance with this.

     

    Best regards,

    Doreen

  • DuncanS's avatar
    DuncanS
    Ultimate Partner
    6 months ago

    pippypip Doreen_P 

     

    I would crosscheck the General Ledger in MYOB to the Bank Transactions.

     

    Impressed that you are checking your P&L for correctness.

     

    Duncan