HELP I NEED THE P&L LAYOUT NOW!!!!!

HELP I NEED THE P&L LAYOUT NOW!!!!!

Start off with trading a/c- Sales (less returns inwards)<BR><BR>Work out cost of goods sold- Purchases + opening stock + carriage inwards - returns outwards - closing stock<BR><BR>Deduct cost of goods from sales- this gives gross profit.<BR><BR>Then take off all expenses (including carriage outwards) to give net profit.<BR><BR>Hope this helps, Scott.

HELP I NEED THE P&L LAYOUT NOW!!!!!

If you need any more help- just ask.<BR>

HELP I NEED THE P&L LAYOUT NOW!!!!!

Hello again. It depends what figure you are missing.<BR><BR>If, for example, you are missing sales figure, but have the other figures, by adding the gross profit onto cost of goods sold you will get the sales figure. <BR><BR>It's just a case of algebra, i.e Sales - cost of goods = gross profit, therefore sales = gross profit + cost of goods.<BR><BR>You can also use control a/cs e.g debtors control a/c to find missing figures. If you've got the sales returns figure, payments rec'd (from bank a/c) and discounts allowed you can work out sales.<BR><BR>You can also use a cash book to find drawings.<BR><BR>This is just a rough guide, hope it helps. Scott.