How quickfile prepare profit and lost report without do inventory?

Accounting
2

Hi @Gill_Chong

QuickFile doesn’t have a stock system built in, so we’ve no way to account for this.

Any stock you do have can be entered through journals (this thread may help). This however would show on your balance sheet report rather than profit and loss.

Profit and loss will take into account sales invoices and purchases, whereas balance sheet takes into account assets (like stock and furniture) and liabilities (such as loans).