Using "Pct" for Percentage of Gross Income

 

SEE ALSO: Using "Pct" for Net Change Ratios

 

If “G” is entered into the Pct field on any column, the system will divide each line item on the report by an amount already stored from a “G” total code entered when the report was configured.

The most common use for this is to display the percentage of gross income next to each individual expense item on an income statement. To accomplish this, a “G” total code must have been added to the report configuration, just below the totaling code used to add all income accounts.

IMPORTANT: The figures generated by this field will only appear on printed reports, not inquiry screens.

Sample

For example, suppose a report was configured with a “G” code just after the total income calculation. When the report is printed, a corresponding “G” code is added to the Pct field for column 1, as follows:

The final report would look similar to this:

                                                             CURRENT        G/P

                                                              PERIOD        PCT

                                                       -----------------   ------

     211-82    UNUSED VACATION PAYOUT                             717.36       .0 %

     212-00    PAYROLL EXPENSE                                  2,060.75       .1-%

     213-00    OTHER SALARIES                                        .00       .0 %

     214-00    RETIREMENT PAYROLL EXPENSE                            .00       .0 %

     219-01    VARIABLE LIFE INSURANCE CONTRACT                      .00       .0 %

     219-02    ANNUITY TO FUND DEFERRED COMPENSATION              718.09       .0 %

     221-00    PENSION PLAN COSTS                              15,129.33       .8-%

     222-00    SOCIAL SECURITY TAXES                           26,862.79      1.4-%

     222-20    N/A                                                   .00       .0 %