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Profit And Loss Report Issue

Former Member
0 Kudos

Hello All,

Im new to SAP B1 and I just processed my first purchase order and paid it using outgoing payment transaction (is that the right way to pay for a PO??) and then went to see if it showed up in the profit and loss report for the year of 2014 and the report says $0.00 for profit and loss. Why isn't it showing up? AM I doing something wrong?

Accepted Solutions (0)

Answers (4)

Answers (4)

kothandaraman_nagarajan
Active Contributor
0 Kudos

Any update?

kothandaraman_nagarajan
Active Contributor
0 Kudos

Hi,

Please select level 2 and then check PL report.

Thanks & Regards,

Nagarajan

kothandaraman_nagarajan
Active Contributor
0 Kudos

Hi,

Welcome to B1 forum. What is your B1 version and PL?

Tested in 8.81 with above scenario and able to get PL statement for service type PO.

Thanks & Regards,

Nagarajan

Former Member
0 Kudos

Im running version 9.02.220. ultimately the reason Im asking is because I need to file my business taxes and need some sort of document to show how much I spent and you much I made

kothandaraman_nagarajan
Active Contributor
0 Kudos

Please post your AP invoice and PL report screen shot here to check.


Former Member
0 Kudos
Former Member
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Heres a better screenshot

kothandaraman_nagarajan
Active Contributor
0 Kudos

AP invoice?

jitin_chawla
Advisor
Advisor
0 Kudos

Hi,

PO does not create a Journal Entry so no account is booked for that entry.

Check by creating a Invoice and then run the profit and Loss Report in DEMO.

Kind Regards,

Jitin

SAP Business One Forum Team

Former Member
0 Kudos

it was invoiced and i paid the invoice using the outgoing payment transaction

former_member188586
Active Contributor
0 Kudos

hi

please explain clearly how you done payment ?

ex: po>>AP invoice >>out going payment or any other way tell me

Thanks&regards

Andakondaramudu

jitin_chawla
Advisor
Advisor
0 Kudos

Hi,

Please check the G\L Accounts mapped for the posting of the AP Invoice.

Regards,

Jitin

SAP Business One Forum Team

Former Member
0 Kudos
  1. Created PO (Purchase Order)
  2. Received goods via goods receipt PO
  3. A/P Invoice creation
  4. marked payment via the outgoing payment transaction which then cleared the business partner's balance back to zero
Former Member
0 Kudos

How can I do that?

jitin_chawla
Advisor
Advisor
0 Kudos

Hi,

If you have created a Item based AP Invoice, then check in the Item master Data by which 'Items Managed by' is taken under the Inventory Tab.

If Item, then check the G\L Accounts in the matrix row of the Warehouse in same tab.

If Warehouse, then check the warehouse defined for the Item and check the Accounting Tab of the that Warehouse.

If Item Group, then check the Item Group to which the Item assigned and again the accounting tab of that Item Group.

Kind Regards,

Jitin

SAP Business One Forum Team

Former Member
0 Kudos

It was a services PO not an item Po for inventory

jitin_chawla
Advisor
Advisor
0 Kudos

Hi,

Then check the G\L Account involved in the Service type Invoice.

It should be Sales or Expenditure type to be displayed in the Profit and Loss Account.

If not  then may be you can attach a screenshot to see the issue in more detail.

Kind Regards,

Jitin

SAP Business One Forum Team

Former Member
0 Kudos

where do i go to check the GL account. it was put under software expenses