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Thread: Pastel Issues

  1. #1
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    Pastel Issues

    I need help on capturing opening balances on the Income Statement for March 2012. I have captured my sales, cost of sales and expenses and my Income Statement doesn't balance.

    My gross Profit is supposed to be
    R1 760 722, Expenses -R788 548
    NPBT&D R972 174
    Depreciation -R49 138
    Tax -R258 450
    Profit for the year R6258 450

    My contra account is 9990/001
    Where am I going wrong

    Thank you in advance

    Malebo

  2. #2
    Diamond Member AndyD's Avatar
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    I've moved this to the Accounting forum for you, that way it should get more replies.
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    Site Caretaker Dave A's Avatar
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    Quote Originally Posted by Malebo View Post
    Profit for the year R6258 450
    Based on all the other numbers, that profit figure looks seriously suspect.
    The trouble with opportunity is it normally comes dressed up as work.

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