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prashants / webzash

Easy to use web based double entry accounting software in PHP - MySQL under MIT License
http://webzash.org
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Profit & Loss Statement Totals Incorrect #91

Closed paulfeakins closed 7 years ago

paulfeakins commented 7 years ago

I've created a set of accounts as a test and added a couple of entries:

  1. A client invoice at £1000+VAT
  2. An expense of £9+VAT

Now, generating a P&L for this period, I see 4 areas:

  1. Gross Expenses
  2. Gross Incomes
  3. Net Expenses
  4. Net Incomes

At the bottom of each section there is a grey bar that shows "Total": http://www.antropy.co.uk/images/screenshots/8dadff71b1ff7811d0b1488.jpg

I would expect the Total under 1 to come to £9, but it shows as Dr £1000.00. The Total for 2 seems correct. Area 3 has a green "Net Profit" at £991, but area 3 is Net Expenses so the total should be £0. Area 4 shows "Total Incomes" of 0 and a Total in the grey bar of £991.

So it seems the P&L is a bit messed up?

prashants commented 7 years ago

Statements are correct. You need to interpret it differently. Both the Dr and Cr final total should be same on both sides hence its shown in this way.

paulfeakins commented 7 years ago

Ok, thank you for clarifying, I understand the presentation now. I am just trying to understand if this software will be suitable for our business. We currently use GnuCash and the presentation is a little different.