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Vicki
A comment about Marilyn's post - if you enter the audit adjustments with the date in the example below, the values will be included in the P&L for month 1 of the new year.
In general audit adjustments are entered with the date of the financial year end - using the example below it would be 31 December 2015. The accountant usually supplies a list of adjustments as a balanced journal entry. Thereafter stock and work in progress should be taken from the balance sheet to the P & L by journal dated 1 January 2016 if monthly stock and WIP values are used for the monthly P and L. Accruals, prepayments, other creditors, deferred income etc etc are taken from the balance sheet at the date they become income or costs in the new financial year.
Sage is very date sensitive so consider the implications of adjustments before commiting them to Sage.
You can produce a transactional P & L and balance sheet by using the reports available in Financials - go to Financials - Reports - Profit and Loss and use the Transactional Profit and Loss report. This one allows you to specify dates outwith the current financial year set in Sage. This Period will be the dates your have specified whilst the Year to Date values will be 13 months.
FYI - my experience goes back to the days before computers, Sage as a DOS programme - terms that probably do not figure in your vocabulary!!! - lol
I hope this is of use to you and clearer than mud
Best wishs - Barbara
The Business Base Haddington Limited
Edited at 10 Jan 2016 01:35 PM GMT
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