How do you compare the Accrual P&L with the Invoices Issued Report

When confirming the income on the Accrual P&L the most relevant report to do this with is the Invoices Issued report.

The most relevant way to confirm Accrual P&L income is to compare it to the Invoices Issued Report.

Please note, you will need to consider the following when comparing the two reports:
1. The P&L report is GST exclusive - therefore you would need to compare against the GST exclusive amount on the invoices issued report


You may have interest income, pass through accounts, general journal entries.

Write offs will not impact cash, but will reduce accrual because on cash you are only paying on money received. but for accrual, you show what it should have been, and then what it ended up being. The write off hits an expense account, giving you a deductible expense which will show up on the accrual P & L as a line item that shows all write off's.