Forum Discussion

LCrowhurst's avatar
LCrowhurst
Trusted Cover User
3 years ago

Purchase not appearing

ive tried to enter a purchase but it wont appear in the list...no matter what I do...:manfrustrated:
  • Tracey_H's avatar
    Tracey_H
    3 years ago

    Hi LCrowhurst 

     

    The transaction that is showing in your P&L screenshot is a Bill payment transaction, not a Bill transaction. The Cash accounting method is based on when an invoice or bill is paid, not the date of the invoice or bill. So when you run a cash P&L only payments are included:

     

     

     

    The Accrual accounting method is based on the invoice or bill date, regardless of whether they have been paid. When you run the accrual P&L invoices and bills dated in that period will be listed:

     

     

    As Cash and Accrual are two different accounting methods reports will display different information depending on which method is chosen. You can change the accounting method of a report by selecting the required method:

     

     

    Please let me know if you need further help.

     

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