F.01 is showing loss for a particular period

[Former Member]

Dear Team,

When we are executing the report for 2 periods the system is showing loss in reporting period.

what could be the reasons.

Regards,

Babu

[former_member198650]

Hi Babu,

Check expenses posted for the period. There might be reason that the expenses are highly charged and also check the revenues. You can also check VFX3 for any billing documents are not generated accounting, due to this the revenue has not booked.

Regards,

Mukthar

[Former Member]

Dear Mukthar,

There are no billing documents which are not released to accounting.

Regards,

Babu

[sanilbhandari]

Please also check your expenses and check if some GL Account shows an abnormal balance than usual. May be some expense has been booked twice or booked wrongly, which is causing the issue.

Regards

Sanil Bhandari

[Former Member]

Dear Sanil,

We are analyzing the profit & loss account which doesn't have any relation with B/s.

If balances carry forward is not done from previous fiscal year to current year will that also be a reason?

[sanilbhandari]

You do not book an Expense in a B/S Account. I had pointed to look at your expense GL Accounts, which would be a P&L Account. Carry forward from your previous year P&L would have gone to Retained earnings, a B/s item. So ideally it should not impact P&L in current year.

I believe your business user should ideally look at the balances for P&L Posting and check which GL has an abnormal balance. They should be able to compare the same periods in Current year and last year to find out abnormal variances. Based on the GL you find, you should look if it is a system issue or it is due to an abnormal posting.

Regards

Sanil Bhandari

[Former Member]

Dear Sanil,

Loss is displayed when we are comparing two periods for the same fiscal year.

For eg

Reporting period : 1 to 10

Compariosn period :1 to 09

Fiscal year is 2015.

Kindly request to suggest.

Thanks & Regards,

Babu

[sanilbhandari]

That is what I have requested you to check if there is any abnormal posting in any of the P&L GL accounts which is causing a loss. Depending on how the GL is posted to, we can figure out if it is a system generated impact or some wrong posting. Your accounting team should be able to figure that out

Regards

Sanil