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MYOB Essentials

Report: Profit & Loss - Denote accounting basis

Ultimate Partner

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1,853 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
36,567 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.