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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. |