Review the Profit and Loss Report
How to Review the Profit and Loss Report in Muhasib ERP
Overview
This guide will help you review revenue, cost, expenses, and net result for a defined company and period.
You get a period performance statement for review.
Who can do this
You need access to Profit and Loss Report and authorized financial scope.
Before you start
Complete material postings/reconciliations and define company, period, comparison, account hierarchy, and reporting basis.
Before saving, check that the correct company is open and that you have permission to complete this task.
Where to find it
Back Office → Muhasib Financials → Profit and Loss Report.
Review the Profit and Loss Report
Step 1: Set company and period
Step 2: Choose detail/comparison options
Step 3: Review revenue, cost of sales, gross profit, expenses, other income/expense,
Review revenue, cost of sales, gross profit, expenses, other income/expense, and net result.
Step 4: Drill to material accounts
Step 5: Compare with Trial Balance
Step 6: Document adjustments and approval
Check your work
Every line reconciles to Account Summary/Ledger and net result to the Trial Balance.
Take a moment to check your work before closing the window. This small check can save time later.
If something goes wrong
- Check account classification and period scope.
- Do not treat an unreviewed report as finalized statements.