Profit & Loss [With Last Year] report
Profit & Loss [With Last Year] report
This report displays your income, cost of sales, expenses, other income, and other expenses over the selected period of the current fiscal year and compares it to the same period in the previous fiscal year. Each amount is also shown as a percentage of sales.
This report can be calculated on a cash or accrual basis.
This report allows you to see where your income comes from (for example, 32% wholesale sales, 68% retail sales) and how your money was spent.You should check any amounts that have changed more than 10% from the previous year.
You can use this report to help prepare next year’s budget.
If you use thirteen accounting periods, it is recommended that you print this report twice: once for twelve periods and again with the thirteenth period included. Many of your thirteenth period entries may be non-operational, so generating a 12-month Profit & Loss statement might provide a more accurate view of your business operations.
Report details
Filters
Advanced:
Dated From/To
Report Level
Report Basis - Cash/Accrual
Subtotals / Totals
Subtotal (for This Year, % of Sales, Last Year, Last Year, % of Sales):
Total Income
Cost of Sales
Gross Profit
Total Expenses
Operating Profit
Other Income
Other Expenses
Grand Total:
Net Profit/(Loss)
Finishing Choices
Include 0.00 Balances
Separate Pages
Rounding
Include Account Numbers
Add to Reports Menu
Prevent Data Changes During Report Generation
Include Company Name
Include Company Address
Include Report Date and Time
View transaction source
Click an account name to open the Edit Accounts window. Click This Year or Last Year amounts (accrual basis reports only) to open the Find Transactions window.
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