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Building Dashboards with Microsoft Dynamics GP 2016 - Second Edition by Mark Polino, Belinda Allen

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Building a profit and loss statement

The simple balance sheet we created has a line for net profit and loss, so now we need a statement that breaks out how this number was determined. As we build a simple profit and loss statement, we'll build on what you've learned building the balance sheet. We'll take a different approach to selecting accounts and period ranges:

Building a profit and loss statement

Tip

Do not make yourself crazy, like I did when I was building these reports the first time. When comparing my balance sheet to my profit and loss statement, I was off. After a while, I noticed there was a Profit and Loss account that had a Balance Sheet category. As my balance sheet was ...

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