Report: General ledger details - Cash basis
I understand that there aren't any current plans to update the Reports available in LiveAccounts in the near future. IPLEAD and BEG with you to make an exception to this and include; 1.Profit & Loss Report on a Cash Basis, and 2.Account Transactions on a Cash Basis LiveAccounts would be theperfect solution for several of my clients except for these missing reports & hence I am hesitant to recommend they subscribe. LiveAccounts is aimed at Small/Micro Business andthe majority of these run on a Cash Basis for GST reporting etc.. The reports requested above are integral in assisting the business owners with planning & Cashflow management. They are also extremely important inBAS & IAS reporting to verify information. Determination of Cash Profit & verifcation of same iscritical when determing variations to PAYG Instalments on a quarterly basis that some Accountants prefer/insist on to ensure a more accurate payment & reporting of PAYG obligations for the year, minimising the need for additional payments when the Tax Return is completed. My clients need to record their Bills & Saleson an Accrual basis so that at any given time they can look into the Cloud (LiveAccounts) & see what is due, therefore, it is not practical to run LiveAccounts entirely on a Cash basis just to obtain the Cash reports, which is the only way I can see that they could be produced as it stands. Please seriously consider including the above 2 requested Cash Basis reports in your next update. Thank you "Cash Basis reports (P&L and Account Transactions)"
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"
Report: General ledger details - Include descriptions
Currently the General Ledger Report only shows descriptions for the Bank Accounts and has a blank spot on all other General Ledger Accounts. We need to be able to at least see a description on the General Ledger Report for ALL General Ledger Accounts otherwise we have to manually drill down into every transaction to ensure it has been coded to the correct General Ledger. This is a must for Accountants from an EOY perspective. Even better, it would be great if you could customise the General Ledger Report to add various fields such as Payees etc. Please can we get this basic information included ASAP!!! Thanks "GENERAL LEDGER REPORT - NEED DESCRIPTIONS!!! ASAP PLEASE"
Report: Profit and loss - Enter start financial year and auto populate the to date
Hi Is it possible to have the "to" date in the P&L change automatically to 30/6/13 if the "from" date is changed to 1/7/12? Maybe a setting which allows the default dates for reports to be set as either the current date or a user nominated date would save time? Thanks, George. "Default Dates in Live Accounts Reports"
Report: Profit and loss - Indication of accounting basis
The following reports in LiveAccounts should be clearly marked as Cash or Accruals basis in the browser reports before it is exported: Profit & Loss Statement GST detailed report Currently this option is hiding under the 'Report Options', and you need to click on this hyperlink to be able to see whether it is cash or accruals. Whilst the system may remember the last selection, it is very difficult to identify whether someone else has changed the selection since last looking at these reports. It can get very confusing if you expect a certain report based on one accounting method and rely on it to find out later that someone else had changed it to the other accounting method and that you've prepared your BAS / accounts incorrectly. This used to be clearly shown before it was consolidated and hidden beneath the 'Report options' and I'd like to see it brought back. "Reports clearly identified as Cash or Accruals in browser before exporting"
Report: Bills by supplier - Include line description
I run a farm business where I mostly order by Description rather than using Item No and Item. Thus the report Expenses by Supplier Detailed Report in LiveAccounts which shows Item No as Service It and Item Name as Service Item is not useful. Being able to display Description would make the report very useful for me. Perhaps there could be an option to display either Item No and Item Name OR Description. "Description rather than Item and Item Number"
