Home > Margerp > Profit And Loss > If Profit & Loss A / C and Balance Sheet Profit Amount does not Match then how to resolve it in Marg ERP Software ?

If Profit & Loss A / C and Balance Sheet Profit Amount does not Match then how to resolve it in Marg ERP Software ?

2596

Ans.1

In Marg ERP Software, the user can resolve the mismatch in Profit and Loss A/c and Balance Sheet Profit.

Fig 1. View of Profit and Loss A/C

Fig 2. View of Balance Sheet

In order to resolve the mismatch between Profit and loss A/C and balance sheet, the user needs to pass a Journal Entry for transferring Net Profit into Capital A/C in the previous year.

After Passing the Journal entry in Last Year, the user needs to Run Carry Balance in Current Financial Year.

After following the above steps, the user can view the difference in Profit and Loss A/c and Balance Sheet Profit will match in Marg ERP Software.

×Close