Integrating Profit and Loss Report into a set of books and the trial balance

[Adrien Monteleone]

You don’t enter Net Income directly.

You enter all of the revenue transactions and all of the expense transactions.

Gnucash does the math when you run the P&L (Income Statement) Report.

Regards,
Adrien

> On Mar 6, 2018, at 9:13 AM, jcnw <jwilsondmartin at gmail.com> wrote:
> 
> I am setting up a set of books for a small church and need to run a month
> profit and loss report.
> How do I enter the Net Income for the Period into the books so it shows up
> in the balance sheet?
> I have set up the books with Income, Expense, Asset and Liability accounts.
> Do I need to set up a P&L account.
> Thanks for help and consideration
> John
> 
> 
> 
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