Pipeline
3
SECTION
6.4.5.9 - GST TRIAL BALANCE REPORT
USAGE: To print all the Income and Expense accounts with
their balances and present comparison to last year’s results. This report does
not take into account assets or depreciation, etc. The report follows a similar
format to the PROFIT & LOSS REPORT (see
SECTION
6.4.3) but it is more skewed
to budgeting and comparisons.
DISCUSSION: HiFinance keeps data for two years. This is for
comparison purposes and in this way this report can be used for budget
analysis.
In progress
Report columns:
CODE DESCRIPTION POSITION
A SALES 1
B SUNDRY
INCOME 2
C CAPITAL
SALES INCOME 3
D INCOME
LEGALLY EXEMPT OF GST 4
E EXPENSES
LEGALLY EXEMPT OF GST 5
F PURCHASE 6
G EXPENSES 7
H NON-REPORTABLE
P&L ITEM 8
I SALARIES 9
J OPEN
& DOUBTFUL DEBTS 10
K IFA INCOME
EFFECTIVE TAX 11
L IFA
EXEMPT INCOME 12
M IFA
PURCHASES EFFECTIVE TAX 13
N IFA EXEMPT
PURCHASES 14
O ASSETS 15
When you enter this program, the following questions
will appear:
USE LONG FORMAT REPORT If you are using wide stationery, reply Y, otherwise reply N. This question will only be
displayed if the relevant option is set to A, see SECTION 6.1.2
FOR PERIOD You can only choose a period in
the current year (periods 1 - 12). HiFinance will then compare the chosen period with the same period
last-year. The default answer will be the current period
To start the report, press <Enter> through each field or simply press <F10>.
The report will include all non-zero profit/loss
accounts. The report itself will detail the account description, balance for
the current period (as defined above) the balance for the same period last year,
the total YTD up to and including the current period, the same for last year
and finally, the total balance for last year. At the end of the report, the net
profit or loss is printed for each column.
