Multi-year reconciliation for statutory financial years ending 30 June (FY 2023 – FY 2027 YTD). Generated on 2026-10-14 05:43:11.
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.
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
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 |
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 |
Standard entries under MFRS and IFRS to reflect commission expenses and cash settlements accurately.
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)
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)
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.