profit and loss statement

Mike or Penny Novack stepbystepfarm at mtdata.com
Sun May 31 20:18:17 EDT 2009


>>
>>
>> in the previous version of gnu cash I was using (can't remember the 
>> version, sorry), I was able to run a profit & loss report. However, I 
>> am unable to locate this facility in the new version.
>>
>> What is the corresponding report I need to run?
>
>
> It was renamed to Income Statement.  In 2.4 it will return to P&L.
> (Actually, in 2.4 it will have both names).

No way to make everybody happy about this. What the corresponding report 
is customarily titled depends upon the nature of the enterprise. But 
what it gets titled by GnuCash not all that relevant. When I run this 
report I then export it and when editing to insert 
footnotes/explanations I can change the title before printing off copies 
to distribute to the other directors at the next board meeting. Almost 
always have to do SOME editing if nothing else but preventing a page 
break at a bad spot also so changing the title of the report trivial. 
For a "non-profit" usually called the "Statement of Revenues". Also 
customary for the annual report of a non-profit to show the current and 
previous period side by side.

Michael



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