SECTION 6.4.5 - FINANCIAL COMPARATIVES REPORT
USAGE: To print all the Income and Expense accounts with their balances and present comparison to last year’s results. This report does not take into account assets or depreciation, etc. The report follows a similar format to the PROFIT & LOSS REPORT (see SECTION 6.4.3) but it is more skewed to budgeting and comparisons.
DISCUSSION: HiFinance keeps data for two years. This is for comparison purposes and in this way this report can be used for budget analysis.
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 PERIOD You can only choose a period in the current year (periods 1 - 12). HiFinance will then compare the chosen period with the same period last-year. The default answer will be the current period
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) the balance for the same period last year, the total YTD up to and including the current period, the same for last year and finally, the total balance for last year. At the end of the report, the net profit or loss is printed for each column.