Hi Raymond Mak ,

Yes, you can run a profit and loss report by project in Sage 50 Canada. However, ensure that project allocations are set correctly in your account settings and transactions. Key points to check:

1. Allow Project Allocation: Verify this setting is enabled in your account settings.
2. Linking Revenue/Expense Accounts: In the Inventory & Service module, link appropriate revenue and expense accounts to your items.
3. Assigning Projects in Transactions: Ensure each transaction/invoice is correctly assigned to a project and uses the correct account.

If you encounter issues where certain accounts don't appear in your Project Income Report, these steps can help resolve them. For detailed instructions, refer to this article in the Sage Knowledgebase.

Warm Regards, 
Erzsi

Hi Raymond Mak ,

Yes, you can run a profit and loss report by project in Sage 50 Canada. However, ensure that project allocations are set correctly in your account settings and transactions. Key points to check:

1. Allow Project Allocation: Verify this setting is enabled in your account settings.
2. Linking Revenue/Expense Accounts: In the Inventory & Service module, link appropriate revenue and expense accounts to your items.
3. Assigning Projects in Transactions: Ensure each transaction/invoice is correctly assigned to a project and uses the correct account.

If you encounter issues where certain accounts don't appear in your Project Income Report, these steps can help resolve them. For detailed instructions, refer to this article in the Sage Knowledgebase.

Warm Regards, 
Erzsi

Hi Erzil,

Could you advise how to run a profit and loss report by project? I look under/ Reports/ Financials/ Income Statement and don't see the option to run report by projects.

Thank you.

Raymond

Hi Raymond Mak , 

Your view of the naming might be different depending on the settings below. 

To change the name you use for Projects:

1. In the Home window, on the Setup window, choose Settings.
2. On the left side of the window, click Project and then Names.
3. Select the current Project Title, press Backspace, and type a new name.
4. Click OK.

Note that my typo shows up and that the "Help" button takes you to additional resources like "Allocating amounts to a project in a sales or purchase invoice"


But the Report menu > Project > Income report is located as below:

Hope this helps! 

Hi - go to 'Reports' then scroll down to 'Project' - there you can select by Income or by Allocation.

Thank you!