Effect of Transactions on P&L and Balance Sheet


I’m working on a AWS implementation for a client and have set up an item as a non-stock item and specified the Expense Account for this item.

As I do a PO and do Purchase Receipt and Purchase Invoice, the amount of this transaction is showing up in the Expense Account, but is not impacting the Balance Sheet or the P&L Statements. The P&L is showing no transactions and Liabilities Account is not getting impacted by the transaction amount.

Is there something I am missing or is the ERPNext finance module a little different?



ERPNext Works Great

Okay this was because the client had messed around the Chart of Accounts a bit, because of which we had these issues. It can all be rectified now. Admin: You can close this issue please.