General Ledger Q&A: Running Reports by Profit Center

March 2020    Tags: , , ,

I have accounts in GLS for different profit centers based off of their location. Is there a way I can view reports to see each profit center separately?

Departments can be used as separate profit centers based on locations, timekeepers, or anything for which you want to print individual financial statements. Financial statements can be printed for individual departments or combined ranges of departments. Departments must first be set up, and then each account can be assigned the appropriate department.

To add a department

  1. From the File menu, point to Open and select Miscellaneous.
  2. From the Department tab, press Ctrl+N to create a new department.
  3. Enter the name of your first profit center in the Description field.
  4. Press Ctrl+S.
  5. Repeat steps 2-4 for each department you want to add.

To assign a department to an account

  1. From the File menu, point to Open and select Chart of Accounts.
  2. Double-click on an account to which you want to assign a department.
  3. On the Account tab, select the appropriate Department.
  4. Press Ctrl+S.

When running a financial report, you can select a single department or range of departments on the Account tab, and/or select to run the report with a Report Order of Department on the Sort tab.

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