Profit & Loss [with Last Year]

Index to Reports window > Accounts > Profit & Loss

This report compares the net activity of your income, cost of sales, expenses, other income, and other expenses for the selected period of this financial year with the same period of last financial year and as a percentage of sales.

Report Tip: This report computes your income and expenses as a percent of total sales for both the current year and the previous year. It details where your income came from (for example, 32% wholesale sales, 68% retail sales) and how your money was spent. Check any change from year to year greater than 10%. Make sure you understand why it changed. Think about the areas that need improvement in the coming year and use this report to help prepare next year's budget

If you are using a 13th accounting period, run the report twice, once for 12 periods and again with the 13th period. Since many 13th period entries are non-operational, you may get a clearer picture of your business operations with a 12-month P&L.

To select multiple months, click and drag the month selector in the Report Customisation window.

More Details about the Profit & Loss (with Last Year) Report

Profit & Loss Statement
December 2002