Why is the monthly profit and loss account not updating from the sales and purchases accounts spreadsheets?
A 1. Updating the profit and loss account in the financial accounts file is automated and so if this is not happening the links are not working. This may be because the file names have been changed which breaks the links. The most common reason is the way the accounts spreadsheets have been saved from the download page by opening the files first before saving them. When a file is opened first before saving your computer stores that file in a temporary internet folder and changes the links to temporary links. Then when you save that file you actually save those temporary links not the original links. Solution: Delete the files and Save the files again direct to your accounts folder without opening them first thereby preserving the original links. Q 2.I have made a few entries on sales and purchases accounts spreadsheets which appear on the profit and loss account but do not appear on the list of expenses on the self employed tax return. A 2. The self employed tax return required to be c
Related Questions
- Why is the monthly profit and loss account not updating from the sales and purchases accounts spreadsheets?
- Is a cash-flow statement more important than a profit and loss account to users of financial statements?
- What comes under cost of sales when making a profit and loss account from a trial balance?