Accounting Ideas

Opening balance figure for profit and loss accounts should be zero - currently this is not the case on the Nominal Activity report.

The basic accounting concept of transferring the P&L balance for a year to the balance sheet needs to be adhered to in all the reports. Currently, the Nominal Activity analysils shows a closing balance figure that is incorrect (for the P&L account codes), because it brings forward previous year's balances too.

  • Guest
  • Jan 17 2023
  • One For The Future
Reporting
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  • Guest commented
    30 Jan 09:36am

    Folks, does anyone know how to escalate matters for this issue/software? Like the user below, I too have tried an online chat but to no avail ...

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  • Guest commented
    26 Jan 12:34pm

    What is this about?

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  • Guest commented
    25 Jan 03:52pm

    Its a chore and I too have hi lighted this - Year on year its just accumulates.. annoying

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  • Guest commented
    20 Jan 05:15pm

    I too have sent this to Sage via feedback - hopefully someone will understand the basic principal

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  • Guest commented
    17 Jan 12:33pm

    I have already made this request via an online chat, but to no avail.

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