profit and loss budget performance by class

ZoFind
ZoFind Member Posts: 8 Novice Member Novice Member

Hi

Is it possible to run a profit and loss budget performance by class?

Comments

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,754 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Are you referring to a Profit & Loss or a Budget ?

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • ZoFind
    ZoFind Member Posts: 8 Novice Member Novice Member

    A profit and loss budget performance report.

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,754 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited August 2022

    You've just stated exactly the same as written in your original question 😬

    A "Budget" & a "P&L" report different things Please clarify if you're referring to predicted income & expenses (aka a Budget) or actual income & expenses (aka a P&L) ???

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • ZoFind
    ZoFind Member Posts: 8 Novice Member Novice Member

    It's a report - under budget reports - called 'profit & loss budget performance' report - it's called exactly that

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,754 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Ohhhhh ... My apologies - I didn't realise you were wanting to tweak a default (existing) report.

    I believe you would need to select that option when you initially create it .... in this window:

    & then when you go back to this section, you have this:

    ... which then allows you to configure the report layout by Class:

    .. which displays like this:


    (Note all the above screen snips are from the Sample Company File which has just 2 Classes set up - Melbourne & Sydney - & clearly no transactions in that period! 😂)

    Does that help ?

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • ZoFind
    ZoFind Member Posts: 8 Novice Member Novice Member

    I'm looking for some in depth understanding about how classes and this report work. E.g. if you also enter some of the P&L budget without a class I'm having difficulty filtering this report to just show the class - I was wondering if there was certain ways the budget should be entered if not everything is going to have a class.

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,754 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited August 2022

    There doesn't appear to be a lot of in-depth info on it, however I would assume that to report on a budget by class, every budgeted amount would need to be class-allocated (even if to a Class just set up for Unclassified transactions)

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • Charley
    Charley Member Posts: 549 Reckon Star Reckon Star
    edited August 2022

    I do this all the time; you have to set up a budget for each class, even if it's BS; if you have a large amount that comes up as unclassified then call it Journal/Unclassified or whatever but make a class up. As far as I'm concerned the should be no unclassified transactions

  • ZoFind
    ZoFind Member Posts: 8 Novice Member Novice Member

    Thanks Charley and Shaz