FAQs

Here are answers to some common questions asked about Financial Statements.

Why doesn't my Sales report match my Profit & Loss statement (report)?

Sales reports are usually based on a transaction date such as invoice date, invoice due date, order date or delivery date. Whereas, Profit and Loss (P&L) statements are usually based on posting date or journal date. These dates don't always align, especially when there is a delay in posting to the General Ledger (GL).

Each of your database solutions might also apply different logic. In addition, modifications or factors might be applied to GL postings that don't exist on the original invoice, which can result in further differences between sales data and P&L figures.