Non-profit reports for funds

Hi there, @sherb56.

I wanted to provide some clarity regarding the beginning balance in the Profit and Loss statement. The beginning balance won't appear in the Profit and Loss statement as it reflects the company's revenues and expenses during a specific period, and the beginning balance is not an income or expense.

The beginning balance is excluded from calculating the net profit or loss in the Profit and Loss statement to ensure that the Profit and Loss statement accurately represents the company's financial performance. Instead, it is reflected in the balance sheet, which provides a snapshot of the company's assets, liabilities, and equity at a specific time.

Furthermore, if you have your reports ready, you can always customize them to your preference. You can use filters only to see specific things.

Please feel free to reach out if you have any questions or need additional information about Profit and Loss. We are here to support you and provide clarity on any financial matters.