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Profit is shown in negative in Balance Sheet report

By
Abdul Gafoor GK
on 11/5/15, 6:55 PM 1,101 views

Hello All,

I'm a bit confused why profit is shown in negative in Balance Sheet report.

When I check P&L report I see Income higher than expense. But when I checked Balance Sheet report, I see the same exact amount in negative against 'Profit (Loss) to report' line.

Can someone help please. Thanks

2

Anil R. Kesariya

--Anil R. Kesariya--
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--Anil R. Kesariya--
ERP Consultant

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Anil R. Kesariya
On 11/5/15, 9:47 PM

Hi Abdul Gafoor GK,

Check your financial report configuration there is option to show your profit & Loss in negative or positive.

It is configurable.

Accounting>>Configuration>>Financial Report>>Account Report.

Find profit Loss one inside and change the value of sign on report.

Hope this might help.

Rgds,

Anil.



Thanks Anil, but I'm still confused. 2 questions; 1. There must be a reason why default behaviour in this way. What's that and why? 2. Even after doing as you suggested, total liability remains same. That is, I can see the 'Profit (Loss) to report' as positive by following your method. But total Liability value is not changing. Regards, GK

Abdul Gafoor GK
on 11/5/15, 11:28 PM

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Asked: 11/5/15, 6:55 PM
Seen: 1101 times
Last updated: 1/4/17, 6:26 AM