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Index to Reports: General Ledger Tab
Compares the net activity of your income, cost of sales, expenses, other income, and other expenses for the selected period of this fiscal year with the same period of last fiscal year and as a percentage of sales.
Report Tip:
This report computes your income and expenses as a percent of total sales for both the current year and the pevious year. It details where your income came from (for example, 32% wholesale sales, 68% retail sales) and how your money was spent. Check any change from year to year greater than 10%. Make sure you understand why it changed. Think about the areas that need improvement in the coming year and use this report to help prepare next year’s budget.
If you are using a 13th accounting period, run the report twice, once for 12 periods and again with the 13th period. Since many 13th period entries are non-operational, you may get a clearer picture of your business operations with a 12-month P&L.
To select multiple months, click and drag the month selector in the Report Filters window.
December 2000
This Year |
% of Sales |
Last Year |
% of Sales | |||
___________________________________________________________________________ | ||||||
Income |
||||||
Sales |
||||||
Retail Sales |
$4,989.85 |
26.7% |
$5,000.00 |
63.3% | ||
Wholesale Sales |
$1,671.90 |
8.9% |
$1,500.00 |
19.0% | ||
Consignment Sales |
$12,045.00 |
64.4% |
$1,400.00 |
17.7% | ||
Total Income |
$18,706.75 |
100.0% |
$7,900.00 |
100.0% | ||
Cost of Sales |
||||||
Retail Cost of Sales |
$3,215.81 |
17.2% |
$3,400.00 |
43.0% | ||
Wholesale Cost of Sales |
$1,071.36 |
5.7% |
$800.00 |
10.1% | ||
Consignment Cost of Sales |
$5,946.20 |
31.8% |
$0.00 |
0.0% | ||
Total Cost of Sales |
$10,233.37 |
54.7% |
$4,200.00 |
53.2% | ||
Gross Profit |
$8,473.38 |
45.3% |
$3,700.00 |
6.8% | ||
Expenses |
||||||
Car & Truck Expenses |
$100.00 |
0.5% |
$100.00 |
1.3% | ||
Freight Paid |
$48.95 |
0.3% |
$50.00 |
0.6% | ||
Insurance (other than health) |
$45.00 |
0.2% |
$75.00 |
0.9% | ||
Interest |
||||||
Other Interest |
$750.00 |
4.0% |
$750.00 |
9.5% | ||
Legal & Professional Services |
$178.90 |
1.0% |
$100.00 |
1.3% | ||
Lease Expenses |
||||||
Machinery & Equipment |
$100.00 |
0.5% |
$90.00 |
1.1% | ||
Other Business Property |
$12.00 |
0.1% |
$12.00 |
0.2% | ||
Supplies |
$150.00 |
0.8% |
$100.00 |
1.3% | ||
Taxes |
$50.00 |
0.3% |
$75.00 |
0.9% | ||
Travel, Meals & Entertainment |
||||||
Meals & Entertainment |
$1,000.00 |
5.3% |
$900.00 |
11.4% | ||
Utilities |
$450.00 |
2.4% |
$400.00 |
5.1% | ||
Wages Paid |
$750.00 |
4.0% |
$700.00 |
8.9% | ||
Total Expenses |
$3,634.85 |
19.4% |
$3,352.00 |
42.4% | ||
Operating Profit |
4,838.53 |
25.9% |
$348.00 |
4.4% | ||
Other Income |
||||||
Other Expenses |
||||||
Net Profit/(Loss) |
$4,838.53 |
25.9% |
$348.00 |
4.4% | ||