Kaya Palazzo Auditor working paper Financial year ends 30 June

Commission audit reconciliation

Multi-year reconciliation for statutory financial years ending 30 June (FY 2023 – FY 2027 YTD). Generated on 2026-10-14 05:43:11.

Why withdrawal dates differ from sales dates

Salesmen earn commissions into an in-app wallet when customers buy products. Salesmen withdraw funds to their bank accounts later at times of their own choosing.

1. Commission expense

Commissions belong in the financial year when the sale happens. Booked in Profit and Loss.

2. Cash payout

Bank withdrawals reduce unpaid liabilities when cash leaves the bank. Booked on the Balance Sheet.

3. Cross-year timing

A bank payout after 30 June often pays for sales made before 30 June. It settles prior debt and is not a new expense.

Cumulative ledger overview (Inception to 14 Oct 2026)

Total commissions earned

RM 4,034,159.33

21,030 sales (Profit and Loss)

Total withdrawals paid

RM 3,959,626.60

9,205 bank payouts (Cash outflow)

Current wallet liability

RM 74,532.73

Unwithdrawn balance as of 14 Oct 2026

Prior-year commissions paid

RM 193,794.40

631 cross-period payouts

1. Annual roll-forward schedule (Year ended 30 June)

Reconciles opening liability, annual commission expenses, and cash withdrawals to the closing liability.

Financial year Opening liability (01 Jul) Commissions earned (P&L) Withdrawals paid (Cash) Closing liability (30 Jun) Detailed report
FY 2023 (Pre-launch) RM 0.00 + RM 0.00
(0 sales)
- RM 100.00
(1 payouts)
RM -100.00 View FY 2023 report
FY 2024 RM -100.00 + RM 1,248,972.38
(4,950 sales)
- 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 sales)
- 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 sales)
- 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 sales)
- 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
Proof of balance: Total commissions earned (RM 4034159.33) minus total withdrawals paid (RM 3959626.60) equals the active wallet liability of RM 74,532.73. The ledger balances with zero variance.

2. Payouts that settled prior-period commissions

Shows the portion of bank payouts in each financial year that settled commissions earned before 30 June of the previous year.

Payout year Commission origin Prior-period amount paid Payout count 30 June cutoff straddles Transaction 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

3. Recommended accounting journal entries

Standard entries under MFRS and IFRS to reflect commission expenses and cash settlements accurately.

1. Record annual commission expense

Record commissions earned during the financial year (01 July to 30 June) as an operating expense in Profit and Loss.

Debit: Commission Expense (P&L)
Credit: Accrued Commission Payable (Balance Sheet)

2. Record bank payouts

Record cash payouts to salesmen as settlements of the accrued liability, not as current-year expenses.

Debit: Accrued Commission Payable (Balance Sheet)
Credit: Bank / Cash (Balance Sheet)

3. Verify closing liability

Confirm that the year-end balance in Accrued Commission Payable matches the closing liability in Schedule 1 as of 30 June. Individual balances match the salesman ledger report.