Sage - How to produce a detailed P&L account
I tried Sage as a bookkeeping package some 10 years or so ago and did not enjoy the experience. Since then I have avoided using Sage for clients bookkeeping and used other packages instead. However recently I decided to do one client on Sage and see how things have improved.
I have versions 12, 14, 16 and 18 to choose from and as 12 was loaded on the machine my bookkeeper sits at I opted for that one.
We have accepted the default Chart of Accounts and have entered a meaningful amount of data using the codes on the default Nominal List. Our client would like a P&L print out to show how he has done this month and the aggregate income and expenditure for the year.
We have gone to [Company][Financials][P&L][Preview] selected the whole year as the period and printed out the report.
The report includes the amount spent on
7100 - 7199 Rent and Rates Period £5,000 Year £20,000
Now both my client and I know that the R&R figure is made up of three elements
7101 Rent Period £4000 Year £16,000
7103 Water Rates Period £200 Year £1,000
7104 Council Tax Period £800 Year ££4,000
What he would like is a report which shows these figures individually and not grouped together
I rang Sage and thought I had explained what I wanted. In fact I tried hard to explain it several times.
The Sage Support told me that the only way this could be achieved is if I completely rewrite the Chart of Accounts
Sage Support also told me that they would pass my idea of a disaggregated P&L Account to the Implementation Team for possible inclusion in future releases.
I cannot believe that my client is the only user of Line 50 ever who would like a detailed P&L account. Surely I don't have to rewrite the complete Chart of Accounts to achieve this. I can see how that is done, and indeed I have started to do so but this is just re-inventing the wheel
Can you tell me if there is a report on Sage which will give the client a breakdown of what he has spent on all his different overheads - I have just picked Rent & Rates as an example but all other overheads have been similarly grouped up. The ideal is a P&L with the figures separated out
I have opened the data file in version 18 to see if that helped but the report was the same
If I really do need a new CofA can I import it from somewhere/someone else to save having to rewrite it
- Welcome to the Saturday Club 1,275 55
- Depreciation 117 1
- Help needed- Unable to fill CT600 form using HMRC software- service issue 113 3
- Non-SA client with large capital gain 314 11
- Loan repayments (personal) and profits 209 6
- Window Comb Binder Cover 163 3
- client can't/won't pay 427 13
- Help - Capital Allowance 180 6
- AIA 172 4
- Splitting income from property rental or not? 250 6
- Is it possible to offset part Class 4 losses for year from one business against part profits of second business 258 9
- RTI Annual Scheme 1,183 18
- 5% penalty on late payment 263 3
- Sole trade and vehicle leasing 203 5
- Taxcalc , the hub of the problem 559 26
- HMRC SA software error? 166 2
- Plant & Machinery for commercial property 170 2
- Tax deduction for Partners for items outside of accounts 269 14
- Drive off and Wastage expenses - No supp doc 212 6
- Treatment of income for sole trader 192 2
- Form MR01 (Particulars of a charge) - does this need to be filed if you remortgage with the same lender? 787
- Copy Wanted 500
- Underpaid VAT assessment and relation to SATR 457
- Did you realise Google will not patch android exploit ... 453
- Latest phishing scam 289
- Entrepreneurs' relief 277
- Limited Company Garden Office - Minor Personal Use - BIK 272
- Corporate LLP with 30 June Year end - How to record on SA800? 252
- Supply teachers and Ltd Companies 241
- Cashback for opening business bank acct = trading income? 237