This report compares your actual profit and loss for a specific accounting period with a depiction of what your profit and loss would have looked like if you had met your budgeted activity during the same period.
This report can be displayed using the cash basis and accrual basis accounting methods. Click the Customize button in the Index to Reports window to display the Report Customization window. In the Report Basis field, select Accrual or Cash, then click Display to display your report. Cash basis reports are differentiated from accrual basis reports by the word [Cash] listed after the report name.