Geoff_Colwill's avatar
Geoff_Colwill
Experienced Cover User
13 years ago
Status:
Archived

Report: Profit and loss - Cash basis

Hi Team

 

In AR 2011 there are two reports under Accounts/Small Business Entity - Profit & Loss (Cash) Account Trainsactions (Cash).

Smaller businesses often report BAS on a Cash basis and therefore it would be useful to also to be able to report P&L on a cash basis.

As Live Accounts is targeted at the smaller businesses, who are most likely to report on a cash basis, I feel that this should be a high priority for LA as an additional report or two.

I would like to hear whether this is felt to be a good idea, or to understand why this would not be useful.

 

Thanks a lot

 

Geoffrey

 

"Request to include Profit & Loss report on Cash Basis in Live Accounts"

  • Geoff_Colwill's avatar
    Geoff_Colwill
    Experienced Cover User

    HI Richard/Team

     

    It would be great to have some feedback on my suggestion of 25 May?

     

    Thanks

     

    Geoffrey

  • I totally agree that this is needed.  As mentioned it is based on small business owners therefore should have a cash reporting option.