Re: Integrating Profit and Loss Report into a set of books and the trial balance

On 07/03/2018 23:14, Stan Brown wrote: On Wed, Mar 7, 2018, at 10:56 AM, John Wilson wrote: Stan, Thank you for your prompt help. Attached is my first P statement which shows an income of $1,458.23 but when I run a trial balance it does not appear in Earnings, which Equity:Earnings account that

Re: Integrating Profit and Loss Report into a set of books and the trial balance

On 06/03/2018 15:13, jcnw wrote: I am setting up a set of books for a small church and need to run a month profit and loss report. How do I enter the Net Income for the Period into the books so it shows up in the balance sheet? I have set up the books with Income, Expense, Asset and Liability

Re: Integrating Profit and Loss Report into a set of books and the trial balance

On Wed, Mar 7, 2018, at 10:56 AM, John Wilson wrote: > Stan, > Thank you for your prompt help. > Attached is my first P statement which shows an income of $1,458.23 > but when I run a trial balance it does not appear in Earnings, which > Equity:Earnings account that I set up. Correct. The Trial

Re: Integrating Profit and Loss Report into a set of books and the trial balance

On 3/6/2018 10:13 AM, jcnw wrote: I am setting up a set of books for a small church and need to run a month profit and loss report. How do I enter the Net Income for the Period into the books so it shows up in the balance sheet? I have set up the books with Income, Expense, Asset and Liability

Re: Integrating Profit and Loss Report into a set of books and the trial balance

You don’t enter Net Income directly. You enter all of the revenue transactions and all of the expense transactions. Gnucash does the math when you run the P (Income Statement) Report. Regards, Adrien > On Mar 6, 2018, at 9:13 AM, jcnw wrote: > > I am setting up a

Re: Integrating Profit and Loss Report into a set of books and the trial balance

> On Mar 6, 2018, at 11:11 AM, Stan Brown wrote: > > On Tue, Mar 6, 2018, at 10:13 AM, jcnw wrote: >> I am setting up a set of books for a small church and need to run a month >> profit and loss report. >> How do I enter the Net Income for the Period into the books

Re: Integrating Profit and Loss Report into a set of books and the trial balance

On Tue, Mar 6, 2018, at 10:13 AM, jcnw wrote: > I am setting up a set of books for a small church and need to run a month > profit and loss report. > How do I enter the Net Income for the Period into the books so it shows up > in the balance sheet? > I have set up the books with Income, Expense,

Integrating Profit and Loss Report into a set of books and the trial balance

I am setting up a set of books for a small church and need to run a month profit and loss report. How do I enter the Net Income for the Period into the books so it shows up in the balance sheet? I have set up the books with Income, Expense, Asset and Liability accounts. Do I need to set up a P