P and L

The P and L feature is where you can enter and maintain allocation, budget line items or accruals for your Profit and Loss (P & L) report. You can then accurately view your site’s financial performance.

Entering an Accrual

An Accrual is an amount of money that periodically accumulates for a specific purpose (such as payment of taxes, interest, or expenses that are collected over a period of time). The items you are able to accrue are set up by your System Administrator.

1.	On the Period End screen, click P and L.

2.	In the Accrual, Allocation, and Budget Entry Selection dialog box, adjust the information for the time period you would like to enter the accrual for.

3.	Click Enter Accruals.

4.	In the Accrual Entry screen, select a date, enter the accrual account, enter a description of the accrual and enter an amount of the accrual.

5.	Click Save to save the entry.

Entering an Allocation

Allocations are used to enter most overhead expenses into MenuLink Client that would not be entered as an invoice (e.g., rent, advertising, or contractors).

1.	On the Period End screen, click P and L.

2.	In the Accrual, Allocation, and Budget Entry Selection dialog box, adjust the information for the time period you would like to enter the allocation for.

3.	Click Enter Allocations.

4.	In the Allocation Entry screen, select an item and enter an amount or percentage (as set by your system administrator).

 

5.	Click Save to save the entry.

Entering a Budget

You can enter your Budget into the system so that you can compare your actual costs to the budget prepared by your company. The items you are able to budget are set up by your System Administrator.

1.	On the Period End Switchboard, click P and L.

2.	In the Accrual, Allocation, and Budget Entry Selection dialog box, adjust the information for the time period you would like to enter the budget for.

3.	Click Enter Budget.

4.	In the Budget Entry screen, select an item and enter an amount or percentage (as set by your system administrator).

5.	Click Save to save the entry.