Profit/Loss

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Applies To:     Enterprise            Plus       Basic 

Profit/Loss

Prints an aggregate list of course revenues, expenses, and net profit/loss as recorded in the General Ledger section.

• Cash/Invoices:  This reporting option determines if the Net is based on the Invoices (receivables) or Cash (revenue, OnAccount given and OnAccount used).
  
• OnAccount Revenue:  This report option determines if the OnAccount Given and OnAccount Used transactions are credited to revenue of the original course section or to the transferred course section.
  • OnAccount Given:  When the OnAccount Revenue report option = “OnAccount Given”, the OnAccount Given will be added to the Revenue.   When the OnAccount Revenue report option = “OnAccount Used”, the OnAccount Given will be subtracted from the Revenue.  
  • OnAccount Used:  When the OnAccount Revenue report option = “OnAccount Given”, the OnAccount Used will not display and is not included in any calculation to the Revenue.   When the OnAccount Revenue report option = “OnAccount Used”, the OnAccount Used will be added to the Revenue.  
• Invoices (Receivables) Column:  Sum of total invoice amounts regardless of amounts paid towards the invoice.
• Revenue (w/o OnAcct) Column:  Sum of actual payment transactions without OnAccount Given or Used included.
• OnAcct Given:  Sum of transactions tagged OnAccount GIven.
• OnAcct Used:  Sum of transactions tagged OnAccount Used.
• Gross Revenue Column:  Sum of the Revenue, OnAccount Given and OnAccount Used columns.  Displays when Cash/Invoices is set to "Cash".
  
• Gross Invoices Column:  Sum of the Invoices column.  Displays when Cash/Invoices is set to "Invoices".
• Expense Column: The Expense column includes all General Ledger entries with a category value of Expense or Payroll Staff.
• Net Column: The Net column is determined by Gross Revenue - Gross Expense columns when Cash/Invoices is set to "Cash".  The Net column is determined by Gross Invoices - Gross Expense columns when Cash/Invoices is set to "Invoices".