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.
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.
Subtotal (for This Year, % of Sales, Last Year, Last Year, % of Sales):
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.
