Allow "Future date" for planning on reports. Example: Income Statement (Profit and Loss)
The reports pick up transactions only up to the current date, regardless of the date range specified in the report.
For example, I use the income statement (profit and loss) as a useful report for my fiscal year close out, where I'm trying to minimize the income from the business by purchasing products and services I need in the coming year or paying myself to convert to personal income. When running depreciation on fixed assets, the depreciation expense is posted for the end of the month, and as a result is not included on the income report.
The date selection for the report clearly indicates "April 1, 2025 " to "March 31, 2026", but only transactions up to the current date are included. So, all depreciation expense is not included.
I realize that you want to make sure that reports are accurate for accounting purposes, but that makes them less useful for planning purposes. How about a "Use for planning only" selection that would include transactions posted for the full date range of the report?
Michael Pear
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