Profit and loss statement, and balance sheet

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Profit and loss statement, and balance sheet

clivey
New MMEX User

Posts: 1
Joined: Tue Aug 14, 2018 4:12 am
I am treasurer for a local sports club. I want to produce reports of receipts and payments, and a balance sheet. Is this possible, or can threy be added? These are standard reports for an organisation.
Re: Profit and loss statement, and balance sheet

Nickallington
New MMEX User

Posts: 2
Joined: Sat Dec 22, 2018 9:00 am
I would find this useful too. In fact, I would have thought that any self-employed person or small company would need the same to support financial reporting. Hopefully someone can do this. I think the basic problem is that MMEX works principally on a cashflow basis, and not on an accruals basis. It does not seem to have a way of recording receivables and payables, only income and expenses. This makes it more difficult. But I hope someone more expert comments on this topic.
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