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Run the Profit and Loss

Created on  | Last modified on 

Summary

This explains how to create a profit and loss report and what it tells you about your business in Sage Accounting Start

Description

If you’re not sure what the profit and loss report is for, see About the Profit and Loss.

Resolution

Create the standard report

 

  1. Go to Reports, then click Profit and Loss - Standard.

  2. On the Period list, click the period you want to report on.
    Selecting This year or Last year displays values for the calendar year. For current or previous financial years Set up financial year, accounting dates and VAT 

  3. Click Calculate to generate the report.

     NOTE: Click a ledger account line to view value calculations. This opens the nominal activity report, showing transactions for the period. Click individual entries for details. Use the browser back button to return to the profit and loss report.

  4. To save or print the report, on the Export menu, click one of the following options:

CSV – Depending on your Internet browser, the file automatically downloads to your Downloads folder or you’re prompted to save the file. If prompted to save the file, browse to where you want to save it, then click Save.

PDF – The PDF opens in a new window or tab and you can then print or save it from your browser menu.