There seems to be a huge discrepancy between income figures obtained from the Profit and Loss statement and the Gross Profit report. I assume that the sum of figures in the ‘Selling Amount’ column of the Gross Profit report should be the same as the ‘Sales Income’ figure in the Profit and Loss statement but there’s a huge difference. Any ideas why? Is there something I missed?
Thanks a lot for offering to help. After thorough investigation, we discovered it was an issue caused by incorrect setting of account heads and incorrect charting. We’re resolving this now