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Names of Reports Expand / Collapse
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Posted 18/07/2012 1:56:40 AM
Junior Member

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Last Login: 7/08/2013 11:26:33 PM
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Have just completed end of financial year reports and lodged with auditor/accountant.

He made the comment that Balance Sheet is now called "Statement of Financial Position"

Also Profit and Loss is now called "Statement of Income and Expenditure"

Can the software be updated to reflect what he claims is now the industry and ATO nomenclature?

Regards

Ron Eaton

Post #4823
Posted 22/07/2012 9:40:02 PM


MySF Administrator

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Last Login: 19/06/2015 3:22:19 AM
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Hi Ron,

Thanks for the post, I'll let the team know for the next update.

Regards

MySF

 

Edit:

I've been informed that while these are recommendations, they are not requirements at the present time.

We won't be changing the names of the reports for now.

Regards

MySF

Post #4828
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