<\/span><\/h2>\n\n\n\nThere are various types of profit and loss report in Sage 50 that are available to be run, such as.<\/p>\n\n\n\n
Profit and Loss<\/strong>:- This is the report that runs for complete months and uses the nominal record monthly balances.<\/p>\n\n\n\nComparative Profit and Loss<\/strong>:- This is the report that runs for complete months and shows actuals against budget and values from previous years. Users are free to choose if they want to see the budget and prior year values. Moreover, users are also free to decide if they wish to show variance values and percentages so that the report shows the desired style of data.<\/p>\n\n\n\nTransactional Profit and Loss<\/strong>:- Users are free to run this report for a date or department range so that the profitability for any accounting period can be monitored by the user, by the day, or by the week, if required. This gives the user much better access and control over the information that the user generates. Users can even go as far as generating a transaction number range.<\/p>\n\n\n\nIncome and Expenditure<\/strong>:- This report is only relevant concerning the Sage Instant Accounts Plus and Sage 50 Accounts versions only- This report shows the information that users are also able to see in the Profit and Loss, besides the fact that the totals are labeled as Gross and Net Income \/ (Expenditure), rather than Gross and Net Profit \/ (Loss).<\/p>\n\n\n\nProfit and Loss (With Prior Values)<\/strong>:- This report is only relevant concerning the Sage 50 Accounts Professional- This is a type of profit and loss report that runs for complete months, and also provides the user with the actual, YTD (year-to-date), and prior year values for the period that has been set.<\/p>\n\n\n\n<\/span>How to Run Profit and Loss Report in Sage 50<\/span><\/h2>\n\n\n\nThe following are the steps for users who wish to run profit and loss report in Sage 50 as a standard report.<\/p>\n\n\n\n
\n- If a user wishes to run a Standard report<\/strong>, the first thing that the user needs to do is to go to \u2018Reporting<\/strong>\u2019, and then they need to select \u2018Profit and Loss<\/strong> – Standard<\/li>\n\n\n\n
- The user will be able to see the \u2018Period<\/strong>\u2019 list \u2013 the user must select the period that they want to report on.<\/li>\n\n\n\n
- If the user wishes to use analysis types, like Departments, the user needs to click \u2018More<\/strong>\u2019.<\/li>\n\n\n\n
- Once the user has clicked \u2018More\u2019, the user then needs to click the required criteria<\/strong>.<\/li>\n\n\n\n
- The user can run the report after this simply by hitting the \u2018Calculate<\/strong>\u2019 option.<\/li>\n\n\n\n
- If the user wishes to save the report to their workstation or if they wish to even print the report, they can do so by selecting \u2018Export<\/strong>\u2019, which will open a menu in front of the user.<\/li>\n\n\n\n
- This menu contains the types of formats that the report can be exported as, which are.\n
\n- CSV<\/strong>\u2013 According to which Internet browser the user is using, the file either downloads to the user\u2019s workstation automatically, or the user is asked to save the file themselves. If asked to save the file manually<\/strong>, the user must also select the destination where they want the file to be saved on their workstation, and then they can simply click \u2018Save<\/strong>\u2019.<\/li>\n\n\n\n
- PDF<\/strong>\u2013 If the report is exported as a PDF, the report will open in a new window or a new tab. The user can, once the PDF has opened successfully, either download it to their workstation, or they can print it right there and then. Most browsers support printing a PDF open as a tab without having to download the file. The options to print and save the PDF<\/strong> are in the browser menu when the PDF opens in the browser.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
The following are the steps for users who wish to run profit and loss report in Sage 50 a comparative report<\/strong>.<\/p>\n\n\n\n\n- If a user wishes to run a Comparative report<\/strong>, the first thing that the user needs to do is to go to \u2018Reporting<\/strong>\u2019, and then they need to select \u2018Profit and Loss – Comparative<\/strong>\u2019.<\/li>\n\n\n\n
- The user then needs to select either \u2018By Month<\/strong>\u2019 or \u2018By Quarter<\/strong>\u2019, based on their requirements. Once they do so, the user then needs to click the relevant month or quarter that they wish to report on, in the \u2018Value up to<\/strong>\u2019 list.<\/li>\n\n\n\n
- If the user wishes to use analysis types, like Departments, the user needs to click \u2018More<\/strong>\u2019.<\/li>\n\n\n\n
- Once the user has clicked \u2018More<\/strong>\u2019, the user then needs to click the required criteria.<\/li>\n\n\n\n
- If the user wishes to save the report to their workstation or if they wish to even print the report, they can do so by selecting \u2018Export<\/strong>\u2019, which will open a menu in front of the user. This menu contains the types of formats that the report can be exported as, which are.\n
\n- CSV<\/strong>\u2013 According to which Internet browser the user is using, the file either downloads to the user\u2019s workstation automatically, or the user is asked to save the file themselves. If asked to save the file manually, the user must also select the destination where they want the file to be saved on their workstation, and then they can simply click \u2018Save\u2019.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- PDF<\/strong>\u2013 If the report is exported as a PDF, the report will open in a new window or a new tab. The user can, once the PDF has opened successfully, either download it to their workstation, or they can print it right there and then. Most browsers support printing a PDF open as a tab without having to download the file. The options to print and save the PDF are in the browser menu when the PDF opens in the browser.<\/li>\n<\/ul>\n\n\n\n\n\n