The following are types of reports and their descriptions that would be used in a farm business. Examples of these reports and the keystrokes needed to create them follow after the report descriptions.
The P & L (Profit and Loss) Statement report summarizes the revenue and expenses of a business by category. It includes all your accounts.
From the menu bar Click Reports, Click Reports and Graphs Center, Click How is my business doing?, Click Profit and Loss Statement, set report date, Click Create Report.
**NOTE** When working with your own records, you will need to review the list of categories and limit them to business income and expense categories for this report to approximate net cash farm income.
