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Note: The values on a fixed form report vs the values on an analysis report. 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. |
- In the navigation panel, go to Reports then Form Reports.
Type Balance Sheet in the search bar.
Expand title Show me 
- Select the Balance Sheet report
In the Parameters tab, click Show Report Using Parameters. The Parameters window will display.
Expand title Show me 
- Enter the parameters values, being the financial year you request then click OK. The selected report displays in the Preview window.
- Check the report before you print, email or save the report.
- Repeat the procedure for the Profit And Loss report.
- Repeat the procedure for the General Ledger Trial Balance report. Ensure that the Movement and Closing Balance on the GL Trial Balance is 0.00
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