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MYOB Essentials

Report: Profit & Loss - Denote accounting basis

Ultimate Partner

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1,774 Posts
Ultimate Partner
Australia

 

I understand that MYOB now, like Quickbooks, allows users to have a Cash P&L or a Non-Cash P&L.

 

My suggestion is that it is essential that the P&L on the top right hand cprner notates the type of P&L ie

Cash P&L or Non-Cash P&L

 

For tax purposes, depreciation is included whether cash or non-cash.

The movement in Receivables is the difference between cash and non-cash.

 

Personally, I believe there should be no option to have a cash or non-cash P&L.

 

 

As a former banker, the most important Financial Statement is the Cash Flow Statement.

I understand that in America the Cash Flow Statement is required for small business.

 

 

"P&L    to notate Cash or Non - Cash"

Current Status: Done
Last Changed: October 2018

Hi Everyone


The new Profit and Loss report will denote the Accounting method on screen and in the top right of the PDF printout.

1 Comment
MYOB Moderator Steven_M
33,431 Posts
MYOB Moderator

Hi Everyone


The new Profit and Loss report will denote the Accounting method on screen and in the top right of the PDF printout.