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Showing results for tags 'account receivable'.
Hi Folks So I am just starting out with the software - have been playing around with it for a little while and thought I had got the correct idea but now that I have entered the last quarters transactions I am in trouble. I have run the income statement and it shows: 4000 Accounts receivable (13,032.00) 4120 Sales £10,770.51 Total Income (2,261.49) Gross Profit (2,261.49) I have entered a total of 14,146.00 for invoices, 2,454.81 of which is TAX (21%) base amount is 11,691.19 - I would have expected at least my sales figure to match the 11,591.19 I have searched the internet generally to see if I can find what the issue is. All my transactions shown in the ledgers for sales have a posting to the Accounts Receivable - everyone has paid by the way - just one invoice with 110 outstanding to pay. Is it because the payment of the invoice has not posted to the Accounts Receivable account - if that is the case how can I make sure that it does happen. If anyone can give me a pointer I would appreciate it Cheers Sandra