Profit & Loss reports

Discussion in 'Accounts & Finance' started by Its4john, Mar 7, 2018.

  1. Its4john

    Its4john UKBF Regular Full Member

    116 6
    Until this year I have been using Iris Openbooks and just noticed salaries & bonuses were not included in the profit & loss reports.
    Now I’m using AccountsPortal and I see that they are included.

    Can anyone explain that in a VERY simple way ?
     
    Posted: Mar 7, 2018 By: Its4john Member since: Nov 10, 2017
    #1
  2. Scalloway

    Scalloway UKBF Legend Free Member

    13,679 2,942
    Under normal circumstances salaries & bonuses should be included in a Profit and Loss account. Could it be an error in setting up the Chart of Accounts in Iris Openbooks?
     
    Posted: Mar 7, 2018 By: Scalloway Member since: Jun 6, 2010
    #2
  3. Daugela

    Daugela UKBF Contributor Full Member

    82 11
    Was the PAYE run on a different software and not Iris? This could be a reason of the entry not showing in the P&L.
     
    Posted: Mar 10, 2018 By: Daugela Member since: Jul 15, 2017
    #3
  4. Its4john

    Its4john UKBF Regular Full Member

    116 6
    Same software, it just wasn’t set up properly.

    All sorted now
     
    Posted: Mar 10, 2018 By: Its4john Member since: Nov 10, 2017
    #4