A
Alex Parker, MBA Accountant
I'm a first time user of the Microsoft community discussion forum and I
currently use MOA 08. Here's Fabrikam profit and loss statement for the 1st,
2nd, 3rd quarters for 2007 using the cash method of accounting.
Total Income $159,075
Total COGS $123,404
Gross Profit $29,218
Total Exp $93,326
Net Income $(64,280)
2nd Quarter
Total Income $385,146
Total COGS $277,669
Gross Profit $89,943
Total Exp $92,787
Net Income $(3,400)
3rd Quarter
Total Income $428,428
Total COGS $365,330
Gross Profit $85,295
Total Exp $90,708
Net Income $(5,882)
That's $73,562 in losses for Fabrikam Inc. for the first 3 quarters.
Of course these figures are not based on accural method.
Accountant
currently use MOA 08. Here's Fabrikam profit and loss statement for the 1st,
2nd, 3rd quarters for 2007 using the cash method of accounting.
Total Income $159,075
Total COGS $123,404
Gross Profit $29,218
Total Exp $93,326
Net Income $(64,280)
2nd Quarter
Total Income $385,146
Total COGS $277,669
Gross Profit $89,943
Total Exp $92,787
Net Income $(3,400)
3rd Quarter
Total Income $428,428
Total COGS $365,330
Gross Profit $85,295
Total Exp $90,708
Net Income $(5,882)
That's $73,562 in losses for Fabrikam Inc. for the first 3 quarters.
Of course these figures are not based on accural method.
Accountant