Angie_2000
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Re: Profit and Loss statement
Thanks kindly for your reply Earl. I create a general journal when a new loan is entered into. When an amount is paid each month, I want that figure to appear on the P & L. Is this possible at all? I am guessing the issue perhaps is because we are Accrual? Thanks again for your assistance :)82Views0likes2CommentsProfit and Loss statement
When I run a profit and loss report, payments made for liabilities (lease/loan payments) do not appear. These particular accounts are 2- accounts (long term liabilities). Is there a way the loan repayments can be shown on the profit and loss? We are an accrual based business. Many thanksSolved95Views0likes4Comments