Profit and Loss/Income Statement – Prior Year Comparison

How to Print Profit and Loss/Income Statement – Prior Year Comparison

The article covers how to print a Profit & Loss/Income Statement – Prior Year Comparison report.

This report is similar to the regular Profit & Loss/Income Statement report, the Profit & Loss/Income Statement – Prior Year Comparison report compares current balances to prior year balances showing the variance between the two accounting periods.

To print the Profit and Loss/Income Statement – Prior Year Comparison:

1. Click on Firm & Financial
2. Click on Profit and Loss/Income Statement
3. Report Year - Enter or select the report year
4. Report Period  - Enter or select the report period
5. Include Inactive - Select to include inactive Revenue and Expense accounts. This may be required if you have recently closed a general ledger in a previous year
6. Actual vs last year difference - Select for current year and prior year comparisons excluding budgets

Profit and Loss/Income Statement – Prior Year Comparison Sample Report

7.   Budgets - Select for current year and prior year comparisons including budgets

1. Output Options -Click on View to display the report on the screen or click on Print to print the report.