Hoping for some help in regards to the way MYOB is calculating my sales income.
My work is based on creating invoices which are then paid approx 2 weeks later. I was curious as to why MYOBs profit and loss statements were not adding up with my own that i calculated from my bank account.
It seems MYOB is adding the invoice amount to my sales income when the invoice is created and then when the money comes in to pay for the invoice this is also being added to sales income. so my sales income is basically being doubled and therefore giving incorrect profit and loss.
tia for your help