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 v ertical form, as shown below:
The v ertical 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 C olumn 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 s tock valuation method.
● Press New C olumn 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:
