Analysis Selection window (Analyse Profit & Loss)

The Analysis Selection window allows you to set the criteria for how your income, cost of sales, expense, other income and other expense accounts will appear in the Analyse Profit & Loss window.

Field Descriptions

Select an analysis view

Select the information you want to appear in the Analyse Profit & Loss window:

■	This Year’s Actuals Only. Choose this selection if you want to view each account’s balance and percentage of its account classification. The balance and percentage will be for the month you select at the bottom of this window for the current financial year.

■	Last Year’s Actuals Only. Choose this selection if you want to view each account’s balance and percentage of its account classification. The balance and percentage will be for the month you select at the bottom of this window for the previous financial year.

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Budgets Only. Choose this selection if you want to view the budgeted amounts for each of your income, cost of sales, expense, other income and other expense accounts. The budgeted amounts will include the balance of each account at the start of the financial year and budget amounts through the month you select at the bottom of the window.

■	Actuals vs. Budgets. Choose this selection if you want to view a comparison of actual and budgeted amounts for each of your income, cost of sales, expense, other income and other expense accounts.

The difference between actual amounts and budgeted amounts is the actual amount minus the budgeted amount. A positive difference for an income or other income account is usually good news. A positive difference for an cost of sales, expense or other expense account is probably bad news.

■	This Year vs. Last Year. Choose this selection if you want to view a comparison of your current financial year’s profit and loss accounts with the previous financial year’s profit and loss accounts.

Selected Period

Choose a month by clicking its abbreviation in the panel. You can choose several months by clicking one month and then holding the mouse button down and dragging the mouse over the months you wish. When you click the OK button to display the Analyse Profit & Loss window, the amounts displayed will reflect activity through the end of the month you select here.

Remember, if you chose the Last Year’s Actuals Only selection, the month you select here will be from the previous financial year. All other selections at the top of this window are for the current financial year.

Cancel

Click to close the window without saving your changes.

OK

Click to accept the entries you've made in this window. The information in the Analyse Profit & Loss window will reflect the entries you've made.

Tips for this window

Related Topics

■	Reviewing financial information

■	Auditing your records