Continuous balance sheet and profit & loss schedule across statutory financial years ended 30 June (FY 2023 – FY 2027 YTD). Generated on 2026-10-14 04:54:02.
This master schedule reconciles Kaya Palazzo's affiliate commission program with standard accrual accounting principles (MFRS/IFRS) based on the statutory financial year ending 30 June. Because salesmen operate with a cumulative digital wallet balance, they do not withdraw funds at the exact moment sales are made. The tables below decouple the Income Statement Expense (recognized in the fiscal year sales occur) from the Balance Sheet Liability Settlement (cash disbursements when salesmen withdraw). This provides a complete mathematical audit trail explaining why bank payouts in any fiscal year frequently settle commissions earned in prior financial periods.
Cumulative commissions earned
RM 4,034,159.33
21,030 confirmed sales (P&L expense)
Cumulative withdrawals paid
RM 3,959,626.60
9,205 bank payouts (cash outflow)
Current outstanding liability
RM 74,532.73
Unwithdrawn balance as of 14 Oct 2026
Prior-period commissions settled
RM 193,794.40
631 cross-period payout events
Annual continuous reconciliation connecting balance sheet liabilities and income statement expenses.
| Financial year | Opening liability (01 Jul) | Commissions earned (P&L expense) | Withdrawals paid (cash outflow) | Closing liability (30 Jun) | Year-end audit pack |
|---|---|---|---|---|---|
| FY 2023 (Pre-launch) | RM 0.00 | + RM 0.00 (0 txns) |
- RM 100.00 (1 payouts) |
RM -100.00 | View FY 2023 report |
| FY 2024 | RM -100.00 | + RM 1,248,972.38 (4,950 txns) |
- RM 1,156,627.13 (2,237 payouts) |
RM 92,245.25 | View FY 2024 report |
| FY 2025 | RM 92,245.25 | + RM 1,260,807.24 (6,705 txns) |
- RM 1,234,891.66 (2,943 payouts) |
RM 118,160.83 | View FY 2025 report |
| FY 2026 | RM 118,160.83 | + RM 1,209,376.19 (7,162 txns) |
- RM 1,245,987.35 (3,124 payouts) |
RM 81,549.67 | View FY 2026 report |
| FY 2027 YTD | RM 81,549.67 | + RM 315,003.52 (2,213 txns) |
- RM 322,020.46 (900 payouts) |
RM 74,532.73 | View FY 2027 report |
| Cumulative totals | - | RM 4,034,159.33 | RM 3,959,626.60 | RM 74,532.73 | Fully balanced |
Quantifies the exact prior financial period commission amounts settled by cash disbursements in each subsequent financial year.
| Disbursement financial year | Commission origin | Prior-period commission settled | Affected withdrawals | 30 June boundary straddles | Detailed schedule |
|---|---|---|---|---|---|
| FY 2023 (Pre-launch) | Earned prior to 30 June 2022 | RM 0.00 | 0 payouts | RM 0.00 (0) | View breakdown |
| FY 2024 | Earned prior to 30 June 2023 | RM 0.00 | 0 payouts | RM 0.00 (0) | View breakdown |
| FY 2025 | Earned prior to 30 June 2024 | RM 76,904.04 | 217 payouts | RM 1,439.67 (4) | View breakdown |
| FY 2026 | Earned prior to 30 June 2025 | RM 86,370.03 | 274 payouts | RM 9,054.33 (8) | View breakdown |
| FY 2027 YTD | Earned prior to 30 June 2026 | RM 30,520.33 | 140 payouts | RM 208.65 (3) | View breakdown |
Standard journal adjustments to align financial statements with MFRS/IFRS accrual standards.
Book the Commissions Earned figure from Schedule 1 as the true statutory annual commission expense for the financial year (01 July – 30 June).
Debit: Commission Expense (P&L)
Credit: Accrued Commission Payable (B/S)
Book all bank withdrawal disbursements as settlements against the liability account, regardless of whether the underlying sales occurred before or after 30 June.
Debit: Accrued Commission Payable (B/S)
Credit: Bank / Cash (B/S)
Verify that the ending balance in Accrued Commission Payable as of 30 June equals the Closing Liability in Schedule 1.
Fully supported by the itemized salesman sub-ledger files (audit_salesman_balances_*.csv).