Accounting Ideas

 

Merged idea

This idea has been merged into another idea. To comment or vote on this idea, please visit S1-I-2162 Clear down previous financial year so that a real time trial balance can be produced as in Sage 50.

Trial balance reporting should not include previous years profit & loss Merged

Been using different software over 35 years i was shocked earlier today using the TB reporting area of Sage Cloud as the TB default option includes the previous years profit & loss. I have never come across this before. As an accountant when i look at a TB i only want to see the current years figures for balance sheet and profit and loss. I spoke to support who advised that i tick a box as one of the options to summarise the p&l and they would not be included. I tried to point out that this was rubbish and the the previous years p& l amounts should never default through to a TB under any circumstances. No accountant ever will ever need to see a TB with the previous years p&l included and this is also potentially dangerous as an accountant or client who doesn't cotton on to this may end up using an incorrect TB which not only includes p&l figures from the current year but also p&l figures for the current year.

  • Guest
  • May 10 2022
  • One For The Future