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The Profit and Loss report

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Summary

The Profit and Loss report in Sage 50 Accounts shows the performance of your business.

Description

The period Profit and Loss report displays your sales, purchases, expenses, and overheads. It pulls figures from the values of each nominal code in your chart of accounts.

Resolution

To run the period Profit and Loss report:

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

In the example below, the Sales calculate, then Purchases and Direct Expenses deduct to give a Gross Profit/Loss.  The overheads then deduct to give the Net Profit/Loss.

Profit and loss report showing figures in Sales, Purchases, Direct Expenses, Gross Profit/ (Loss) : Overheads and Net Profit/ (Loss).

 

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