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Hello All,
I'm a bit confused why profit is shown in negative in Balance Sheet report.
When I check P&L report I see Income higher than expense. But when I checked Balance Sheet report, I see the same exact amount in negative against 'Profit (Loss) to report' line.
Can someone help please. Thanks
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Hi Abdul Gafoor GK,
Check your financial report configuration there is option to show your profit & Loss in negative or positive.
It is configurable.
Accounting>>Configuration>>Financial Report>>Account Report.
Find profit Loss one inside and change the value of sign on report.
Hope this might help.
Rgds,
Anil.
Thanks Anil, but I'm still confused. 2 questions; 1. There must be a reason why default behaviour in this way. What's that and why? 2. Even after doing as you suggested, total liability remains same. That is, I can see the 'Profit (Loss) to report' as positive by following your method. But total Liability value is not changing. Regards, GK