For the Variance column on the Income Statement our VP of Finance is requesting to have the Income section of accounts show as Positive figures and the COGS & Expenses to show as Credits. The US company is reporting in US dollars and so is the Canadian company.
We are using the Variance reporting, known as favorable/(unfavorable), the type of account is also taken into consideration. For example, in revenue accounts, if actual results are higher than those budgeted, the variance is displayed as favorable (Positive Number). However, if actual expenses are higher than budget, then that variance is displayed as unfavorable (Inside Brackets).
I have come across some websites that mention to use the XCR function for the Gross Profit, but that is for only one account. This need to be done for about fifteen accounts and three sub-totals.
Any suggestion on how to get Management Reporter to flip the sign on those accounts?
Regards,
Kevin