Profit and Loss statement/Income and expense report has some amounts on the wrong side - debits & credits
Raizel Lieman
raizel.lieman80 at gmail.com
Thu Mar 11 15:40:01 EST 2010
On 3/4/2010 9:06 AM, Derek Atkins wrote:
> Raizel Lieman<raizel.lieman80 at gmail.com> writes:
>
>
>> On 3/2/2010 11:24 AM, Derek Atkins wrote:
>>
>>> Raizel Lieman<raizel.lieman80 at gmail.com> writes:
>>>
>>>
>>>
>>>> Profit and Loss statement/Income and expense report has some amounts
>>>> on the wrong side - debits& credits. Is there something wrong with
>>>> the entries? How do I correct it so that the report should be
>>>> accurate?
>>>>
>>>>
>>> Sounds like you entered some transaction backwards... Or you have some
>>> accounts set to the wrong type. The report itself works fine with good
>>> data.
>>>
>>>
>>>
>>>> Please remember to CC this list on all your replies.
>>>> You can do this by using Reply-To-List or Reply-All.
>>>>
>>>>
>>> -derek
>>>
>>>
>>>
>> I followed the basic outline for the 5 main accounts and the accounts
>> for Assets. I basically did the rest according to what I thought made
>> sense. Is there a tutorial or documentation on this?
>>
> Have you read the Concepts and Tutorial Guide?
>
> Make sure you have the debits and credits correct. As I said, the
> report works fine for me with my data. Maybe post an example of the
> report that looks wrong and a copy of your register that shows your
> data?
>
> -derek
>
>
Yes, I read the concepts and tutorial guide.
I realized that the report was reporting for the wrong datesI put in a
transaction that shouldn't have been there, because I'm basically using
Gnucash to track my bank accounts, and there was a transaction entered
that wasn't connected to any bank accounts.) I realized that the report
was reporting for the wrong dates, and changed the dates by going to
Edit-Preferences, and change it from Relative to Absolute(uncheck
Relative and check the circle next to Absolute) and enter the 1rst date
that I have, and the last date plus a few months ahead. That made the
report more accurate.
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