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Run the Profit and Loss

Created on  | Last modified on 

Summary

How to create a profit and loss report and what it tells you about your business in Sage Accounting.

Resolution

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

Create the standard report

  1. Go to Reporting, then click Profit and Loss - Standard.
  2. On the Period list, click the period you want to report on.

     TIP: Choose This year or Last year for calendar values, and set financial year-end for specific years.

  3. If you use analysis types, for example, departments, click More, then click the required criteria.
  4. Click Calculate to generate the report.

     


     TIP: Clicking on a ledger links to the Nominal Activity report for transaction details. Return to Profit and Loss: click 'Back' on the browser.
  5. To save or print the report, on the Export menu, click one of the following options:
    • CSV - Files download to Downloads or prompt to Save, based on browser
    • PDF - PDFs open in a new window/tab; print or save from your browser menu

Create a comparative report

Comparing with previous years can help you gauge the progress of the business over time. You can also project future cash flows based on previous year comparisons.

  1. Go to Reporting then click Profit and Loss - Comparative

     TIP: 
    Enter Financial year-end in Accounting Dates & VAT for current or previous rear reports. 

  2. Select either By Month or By Quarter. Then in the Value up to list, click the relevant month or quarter you want to report on.
  3. If you use analysis types, for example departments, click More then click the required criteria.

     TIP: Clicking on a ledger links to the Nominal Activity report for transaction details. Return to Profit and Loss: click 'Back' on the browser.

  4. To save or print the report, on the Export menu, click one of the following options:
    • CSV - Files download to Downloads or prompt to Save, based on browser
    • PDF - PDFs open in a new window/tab; print or save from your browser menu

 

 

 

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