Balance Sheet - Balance Sheet Groups
Logic ERP has corrected the Balance Sheet - Balance Sheet Groups so that the production work-in-progress (WIP) value is included in Net Profit when WIP is shown on the sheet. The two sides of the sheet now agree.
Step 1: Open the Report
Navigate to Reports/Queries and select Balance Sheet.
Open the Balance Sheet - Balance Sheet Groups.
Step 2: Configuration
The correction applies when Include Production WIP Stock Value is ticked in Configuration and Gross Profit On is set to Closing Stock Value.
What's corrected
Net Profit now includes the WIP value. It matches the WIP amount shown on the assets side, so both sides of the Balance Sheet now agree. Net Profit can rise (or a loss can fall) by the WIP amount. This is intended.
When you double-click the Net Profit row to open the profit and loss details, that report now shows the same Net Profit as the Balance Sheet.
Where the WIP row is added as a new line on the assets side, it now shows the WIP value instead of the closing stock value.
With Gross Profit On set to Gross Profit Ratio, nothing changes.