How to Use Gross Profit Chart Software

By eHow Computers Editor

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Many small business owners turn to software to handle their basic accounting needs. Businesses require charts to help them with their taxes and budgeting their business expenses. There are many types of accounting software on the market that can be used to calculate gross profits.

Instructions

Difficulty: Moderately Easy
Step1
Choose between accrual or cash-basis accounting system. If you choose an accrual-basis system, then you report your income sales income for September in September, regardless of when you deposit the checks.
Step2
Create a Profit and Loss report. Click on Reports then on Profit and Loss. Next you will see 12 options for creating a profit and loss statement (standard, year to date comparison, previous year comparison, by job, by class, detail, income by customer summary, income by customer detail, expenses by vendor summary and expenses by vendor detail).
Step3
Select Standard. This selection will produce income and expenses for the current year. Once this is selected the program will produce a statement automatically for the current date. On the top of the report you will find a report button bar and to the left of this bar you will find a scroll where you can select various date ranges. In the middle of the button bar you will find a date From and To, use this to manually enter your date ranges.
Step4
Complete other reports. Most software will include other reports such as: a balance sheet, payroll reports, accounts payable and income tax summary. You can also create custom reports.
Step5
Make a graph. Click on Reports then on Graphs. You will receive a list of the following six options: income and expenses, sales, accounts receivable, accounts payable, net worth and budget vs. actual. The software will create a graph for each of the categories above.

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eHow Article: How to Use Gross Profit Chart Software

eHow Computers Editor

eHow Computers Editor

Category: Computers

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