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Profit And Loss Report Issue

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Hello All,

 

Im new to SAP B1 and I just processed my first purchase order and paid it using outgoing payment transaction (is that the right way to pay for a PO??) and then went to see if it showed up in the profit and loss report for the year of 2014 and the report says $0.00 for profit and loss. Why isn't it showing up? AM I doing something wrong?


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