Profit & Loss [With Last Year] report
This report displays your income, cost of sales, expenses, other income, and other expenses over the selected period of the current financial year and compares it to the same period in the previous financial year. Each amount is also shown as a percentage of sales.
This report allows you to see where your income comes from (for example, 32% wholesale sales, 68% retail sales) and how your money was spent.You should check any amounts that have changed more than 10% from the previous year.
If you use thirteen accounting periods, it is recommended that you print this report twice: once for twelve periods and again with the thirteenth period included. Many of your thirteenth period entries may be non-operational, so generating a 12-month Profit & Loss statement might provide a more accurate view of your business operations.
Subtotal (for This Year, % of Sales, Last Year, Last Year, % of Sales):
Click an account name to open the Edit Accounts window. Click This Year or Last Year amounts (accrual basis reports only) to open the Find Transactions window.
