You can configure the Profit & Loss account details to view it in the required format.
To configure Profit & Loss Account
1. Press F12: Configure. Set the option Show Vertical Profit & Loss? to Yes to display Profit & Loss Account in the vertical form, as shown below:
The vertical form shows the Trading Account and the Income Statements separately.
2. Set the option Show Percentages? to Yes to express each line as a percentage of sales accounts, that is, if you consider sales accounts to be 100%, the rest of the lines would be a percentage of sales accounts.
3. Set the option Show with Gross Profit? to Yes to split the Profit & Loss Statement to show trading profit, which considers only the Cost of Sales and Direct Expenses. Indirect Expenses are deducted from the Gross Profit to show the Nett Profit.
Note: This field is applicable only to horizontal form of Profit and Loss Account.
● Select a column to display the Profit & Loss Account in a different currency.
● Press New Column on the button bar or press Alt+C, to change only the currency, and give the Closing Exchange Rate.
The Profit & Loss Account figures are converted at this rate, and are displayed as shown below:
● Select a column to display the Profit & Loss Account with a different stock valuation method.
● Press New Column on the button bar or the keys ALT+C and change only the stock valuation method to LIFO Annual.
The Profit and Loss A/c screen is displayed as shown below:
● Press Auto Column on the button bar or the keys Alt+N.
● Select Quarterly from the list of periods.
The Profit and Loss A/c screen is displayed as shown below:
