Solution Properties
Solution ID:
200427112357111
Last Modified Date:
Tue Jul 11 10:30:59 UTC 2023
Taxonomy Path:
Case category//How do I...//setup/create/run a report
Author:
[email protected]
The Profit and Loss report
Description
The period profit and loss report shows your sales, purchases, expenses and overheads. It gets its figures from the period values of each nominal code record included in the chart of accounts you use.


To run the period Profit and Loss report, follow these steps:

  1. Click Nominal codes, then click Profit & loss.
  2. Select Preview then click Run.
  3. Select the required period and chart of accounts, then click OK.

EXAMPLE: In the below example, the Sales are calculated, then Purchases and Direct Expenses are deducted to give a Gross Profit/Loss.  Then overheads are deducted to give the Net Profit/Loss.


 

Common questions

Are there other Profit and Loss reports available?

There are many additional Profit and Loss reports throughout the program that include information such as budgets and departments - Read more >


Can I run a Profit and Loss report for a date range?

Yes, you can use the Transactional Profit and Loss Report to do this. Read more >


Can I change the nominal codes included in the report?

The nominal codes, ranges and names are picked up from the Chart of Accounts.  You can modify this and your changes will appear on the report - Read more >


Can I run the Profit and Loss report for a new financial year? 

If you haven't completed your year end in Sage Accounts, you can continue processing into the new year, running the transactional Profit and Loss report to see your current year figures - Read more >


What are the figures in brackets on my report?

Figures in brackets represent a negative value.


I have a problem with my Profit and loss report.

If you think figures on your report are incorrect, use the example image above to find out where these figures are picked up from.

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