Net profit in tax reconciliation should be pre dividends and tax expense (not after)
We use the standard chart of accounts in Xero (so I don't believe it is a coding issue ?) but the company working papers I prepared does not allow you to adjust the net profit/loss (accounting) and it is picking up post tax and dividends which is frustrating.
Stacey Richards
shared this idea
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Megan Murphy
commented
This one is a big problem, I have added the tax expense back as an adjustment to make the workpaper work, but the "net profit per P&L" line in the tax reconciliation workpaper definitely needs to be before tax and dividends.