Profit And Loss report
Hi To All,
When use Profit And Loss report in Financial Module.
Select Revenue And Expenditure for Profit And Loss report .
But When we goto purchase raw materials From Purchase Order to A/P Invoice then Outgoing payment.
Not show any Amount in the Expenditure side but purchase any material must be side on Expenditure.becouse Item Inventory Account mapped with Asset Drawer with SAP demo database.
So Please help me And What should i do ?
Peter Juby replied
SAP Business One use a continuous (perpetual) inventory system. Under Administration > System Initialization > Company Details > Basic Initialization TAB > Use Perpetual Inventory will be ticked indicating that you are using continuous stock. You also have the option of using the Purchase Accounts system. This allows you to create 2 extra G/L accounts under the Income & Expenditure section to see the purchases expense. These 2 options can only be selected or changed before any transactions are posted.
If you really need the above changed, your only option is to restart with a new database.
Let me know if you need further guidance on the above.