...
Expand | ||
---|---|---|
| ||
Note: The way that the values on a fixed form report appear vs the values on an analysis report for profit and loss etc. The difference is due to the fact that profit is a credit on the general ledger. So the analysis report shows profit results as a credit. As a matter of convenience, the profit and loss form reports show the debit and credit figures reversed. So that a positive profit shows as a positive number and a loss shows as a negative number. Simply because most people find a positive profit number easier to understand even though profit is actually a negative number and a credit to the system itself. |
...