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Post Info TOPIC: Profit & Loss doesnt match
Samilou67


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Profit & Loss doesnt match
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Hi can anyone tell me how to correct the profit & loss for a company in Sage? The owner has completed their tax return for 2012-13 but the loss shown on their tax return differs from the figure on the Sage file I have been given by a couple of hundred.

I have no way of going through it and picking out the differences, can I just change it in Sage and if so how?

Thanks



-- Edited by Samilou67 on Monday 14th of July 2014 04:02:43 PM

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Sam
Shamus


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RE: Profit & Loss does match
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And if you did how accurate would that be?

Which figure is correct?

How did they get to their Loss figure?

Is there an accountant involved?

Why is it the tax return feeding into the software rather than the software being the basis of the figure for the tax return?

I think that there are more questions than answers here.

I would not advise creating journals where you may be creating a fault rather than curing one.

kind regards,

Shaun.

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Shaun

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Samilou67


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Hi Shaun, basically she worked the amount for the tax return from her paypal account but hasn't taken into account bits and pieces such as postage from what I can make out as she has paid for it personally.

I think it was entered in Sage afterwards but not by an accountant



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Sam
Howtobookkeep


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RE: Profit & Loss doesnt match
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Don't take my word for it, but could you adjust and apply to the following year if it's already been submitted?

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