This report compares the net activity of your income, cost of sales, expenses, other income, and other expenses for the selected period of this fiscal year with the same period of last fiscal year and as a percentage of sales.
This report can be displayed using the cash basis or accrual basis accounting method. (Cash basis versus accrual basis reporting)
Report Tip: This report computes your income and expenses as a percent of total sales for both the current year and the previous year. It details where your income came from (for example, 32% wholesale sales, 68% retail sales) and how your money was spent. Check any change from year to year greater than 10%. Make sure you understand why it changed. Think about the areas that need improvement in the coming year and use this report to help prepare next year's budget
To select multiple months, click and drag the month selector in the Report Customization window.
Use this report for:
Annual Reports
Overview Reports for Your Bank