Forum Discussion

Dee_W's avatar
Dee_W
Experienced Cover User
20 days ago

Profit & Loss report ex GST

I am reasonably new to the browser platform so I am still finding my way.

It appears my Profit and Loss report includes GST.

Where can I change this? 

2 Replies

  • Dee_W's avatar
    Dee_W
    Experienced Cover User
    20 days ago

    Hi Sai,

    Thankyou for your reply

    the report is definitely picking up GST Inclusive amounts as i did a drill down into a category.

    on the invoice i entered GST inclusive amounts for the items that had GST inclusive  and it clearly shows the amounts that were GST free.

    This one has got me beat

    denise

  • Isaiah_C's avatar
    Isaiah_C
    MYOB Moderator
    20 days ago

    Hi Dee_W,

     

    Welcome to the browser platform. You're definitely not alone in finding your way around at first. Just to clear things up, Profit & Loss report actually shows GST exclusive values by default, as the GST component is allocated to your GST accounts when transactions are recorded. If the figures are looking like they include GST, it might be worth double-checking how the transactions were entered or which tax codes were used. Here's a handy guide on how to pull up and review your Profit & Loss report: Analyse your profit or loss.

     

    Regards,

    Sai

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