Profit & Loss Reports

The same Ledgers and Logbooks that you use for updating job costs in the MacNail construction accounting software can also be used to create Profit & Loss (P&L) Reports.

NOTE-- Goldenseal construction accounting software replaced MacNail in 2000. It includes several P&L reports, and is an integrated program that includes general accounting, job costing, payroll and project billing, plus estimating and other features.

The process of posting to the P&L Reports is almost identical to the posting of Cost Control items.

Setting Options

Choose *Job Cost Options from the OPTIONS menu to set a few basic options for the P&L posting.

Put a check beside Check Previous Postings if you would like to re-check items that have already been posted to the P &L Reports. It will take much longer to do so.

Put a check beside Post to Previous Year's P&L if you want to enter costs, even if they are in a previous year. Turn it off if you only want to enter costs for this year.

Posting to profit & Loss

Post to P&L whenever you want to see the latest income and expense figures for each project.
If a P&L Report is not available for posting, it will be created automatically.