help on reports

Hi darrenleigh,

 

Even if both Profit & Loss and BAS reports are set to cash basis, they can show different income figures because they're looking at things a bit differently. The Profit & Loss Cash report show income and expenses only when an actual cash comes in or goes out. On the other hand, the Cash BAS report is all about GST— it can include transactions that affect balance sheet account but don't show up on your Profit and Loss report, like transferring money between bank accounts. This could be because of balance sheet movements, timing of GST, or even the reports being set to different accounting bases. It's always a good idea to double-check that both are using the same method— cash or accrual— and to review any quirky transactions that might be causing the mismatch.

 

If you're still having issues, it's best to reach out to our team on Live Chat via our virtual assistant, MOCA, or by submitting a support case via MyAccount.

 

Cheers,

Doreen