Is there a way to design an P&L for a future month?

Question

We currently keep our books for the current month open until we have completed review and finalized the financials. We would like to be able to print a P&L for the next month before we close the current month. Currently the P&L's only allow for a roll back not a roll forward.

Art Minds · Answer

Without realizing it, you've just stated the solution to your problem. You don't need to keep the "current" month (now the arrears month) open until you've reconciled and finalized your financials. The "Roll Back" feature is exactly for the issue you're describing. Roll the month forward, mark the prior month "closed" to prevent inadvertent entries to the month you're finalizing (open when necessary to make an adjusting entry), and then you can print the real current month financials. When the "prior" current month is finalized, use the roll back feature to print those financials. 
 Art Minds Independent Senior Consultant Pasadena, California Serving clients nationwide

Sage Construction & Real Estate

Is there a way to design an P&L for a future month?

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