Gross profit discrepancy in P&L reports

Problem reported by Richard Cooper 11 years ago

The P&L report found under Reports > Financials > Profit & loss shows a different gross profit figure for me to the one found under Reports > Management report. Is that deliberate or an error?

The difference seems to stem from two things:

  1. The P&L report includes finance income in the gross profit figure. The management report does not.
  2. The P&L report includes the "Cost of sales" account type in the gross profit figure. The management report includes the whole "Cost of sales" account category. Using the default account codes that distinction doesn't matter because there is only one account type in the cost of sales category, but I've added extra account types here so it does make a big difference to my figures.
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3 Replies

Hi Richard,

Would you be able to tell me which of your accounts this is for and which period you are running the reports for please?

All the best,

Chris

11 years ago

Would you be able to tell me which of your accounts this is for and which period you are running the reports for please?

Sent via email.

It's also really easy to reproduce this discrepancy in the Demo account.

Reports > Financials > Profit & loss - Gross profit = £480:

file

Reports > Management report - Gross profit = £377:

file

The difference is £3 of interest income and £100 of "staff salaries (2002004)". The "staff salaries" account is one I created under a newly created "staff" account type under the "cost of sales" account category.

11 years ago

Hi Richard,

Thanks for this extra information.

I will reply to you in more detail in the ticket you have sent in.

Many Thanks Chris

11 years ago

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