Solution Properties
Solution ID:
240304191601247
Last Modified Date:
Mon Dec 02 19:46:03 UTC 2024
Taxonomy Path:
Category//Reporting
Author:
sageadmin
How to create the Profit and Loss report
Description

Sage Accounting makes standard and comparative profit and loss statements for the current or past financial year. You'll see sales, direct expenses, overheads, and the resulting gross and net profit or loss.

Cause
Resolution

Standard report

  1. Go to the Reports and choose Profit and Loss - Standard.
  2. From the Period list, select the period you want to report on.

Comparative report

  1. Go to Reports and select Profit and Loss - Comparative.
  2. Choose either By Month or By Quarter. In the Value up to list, select the relevant month or quarter you want to report on.

TIP:

Select the relevant line to see how the system calculates the values for a particular ledger account. This action opens the Nominal Activity Report, showing the transactions for this account in the specified period. Click the individual entry to view transaction details. Use your browser's back button to return to the Profit and Loss report.

 

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