Hi, I’ve done my first profit and loss statement but the payroll expenses do not seem to factor in to the expenses. Is this right? It seems like they are a major expense and should be shown on the statement?
How are you creating the payroll expenses ?
Under the BS - Equity section do you have a Suspense account showing ?
If you are using Payslips, have you set up under Settings - Payslip Items the related items correctly ?
On the general ledger report, the figures from the payroll section appear under seemingly the right accounts, but they don’t show on the profit and loss statement (possibly because they are under liabilities section?)
Could you please answer the questions, just showing report figures doesn’t inform how you are doing the processing and it’s the method of processing that needs to be reviewed.
If you are using Payslips and have a Suspense account balance then you might want to review this topic
Thank you, I found that I hadn’t set up the payroll items correctly, it is fixed now. Thank you for your help.