SECTION 6.4.3 - PROFIT/LOSS REPORT
USAGE: To print all the Income and Expense accounts with their balances and present a gross profit statement. This report does not take into account assets or depreciation, etc.
DISCUSSION: When you enter this program, the following questions will appear:
USE LONG FORMAT REPORT If you are using wide stationery, reply Y, otherwise reply N. This question will only be displayed if the relevant option is set to A, see SECTION 6.1.2.
FOR YEAR You must choose which year you wish to report on. Enter L for last-year, T for this year or N for next-year.
FOR PERIOD Having chosen a year (above) you may now chose the accounting period. If you have chosen the YTD option, this period will represent the high limit of report. If you are printing the single period option, this field will define the actual period reported on.
To start the report, press <Enter> through each field or simply press <F10>.
The report will include all non-zero profit/loss accounts. The report itself will detail the account description, balance for the current period (as defined above) and the YTD balance. At the end of the report, the net profit or loss is printed.