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February 2020
February 2020
Hi, we are chasing the total spend, wages, purchases, repairs. The whole shebang. Trying to work out if I can spend anything extra. From date range 1st February 2019 to 31st August 2019. Please advise what type of report I should pull up?? Thanks.
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February 2020
February 2020
Hi @12341
Thanks for your post. It sounds like you need the Profit and Loss report which will give you the Income, Cost of Sales and Expenses for a specified date range. There are two types of Profit and Loss reports. Profit and Loss Statement, found in Reports>>Accounts tab>>Profit and Loss>>Profit and Loss Statement, is an accrual based report. Profit and Loss (cash), found in Reports>>Accounts tab>>Small Business Entity>>Profit and Loss (cash) is the cash based version of this report.
The accrual accounting method is based on the date of transactions, regardless of whether payment has been made or received. While the cash method is based on when payment was made or received. Personally I think it's a good idea to look at both reports to get a good idea of where you're at.
Please let me know if you need further help.
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Cheers,
Tracey
Previously @bungy15
MYOB Community Support
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February 2020
February 2020
Thank you for that. We ended up pulling a Bank register report, gave a total amount of Deposits and Withdrawals for the period.
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