Report Name: Profit and Loss Comparative Variant
Report Number: REP-5013-PDF-P
Report Category: Premium
Report Type: PDF
Overview:
- The Profit and Loss Comparative Variant report provides a detailed view of financial performance, comparing different periods (Month-to-Date or Year-to-Date) in a clear format.
- It helps businesses track and analyze their financial data, providing insights into how income and expenses evolve over time for better decision-making.
- In the comparative variant, costs are broken down by their type (e.g., depreciation, wages).
How It Works:
- The report displays key financial categories such as income, expenses, and profits in a comparative format.
- You can select only one calculation period:
- MTD (Month-to-Date): Displays values for the selected month in the chosen financial year.
- YTD (Year-to-Date): Shows cumulative values from the beginning of the selected financial year up to the selected month.
- You can only select one period at a time: a specific financial year and month number.
- This ensures that the data presented is relevant to either the selected month or cumulative year-to-date figures.
Columns Available:
- Profit and Loss Row Name: Displays the name of the financial category (e.g., Total Income, Total Expenses).
- PY (Previous Year): Shows the actual value for the same category from the previous period (either previous month or previous year, depending on the selected period).
- AC (Actual): Shows the actual value for the selected category in the current period.
- △PY (Delta PY): Represents the difference in value between the current period (AC) and the previous period (PY), indicating whether the balance has increased or decreased.
- △PY% (Delta PY %): Shows the percentage change between the current and previous period, helping to assess the magnitude of the change.
Why It's Useful:
- This report provides a clear, visual summary of profit and loss data.
- Ideal for assessing performance at different time scales, helping businesses track progress against financial goals and identify trends in income and expenses.
- The breakdown of costs by type allows for a more detailed analysis of expenses, enabling better decision-making and cost management.
Who Might Find This Report Useful:
- Accountants and Financial Analysts: Need to analyze profit and loss figures for different periods and identify financial trends.
- Management and Executives: Require a high-level view of financial performance for decision-making and strategic planning.
- Business Owners: Looking for a simple and clear comparative analysis of their financial performance over different periods.