Adjust a Profit and Loss Report

Security Note: You need the Allow the user to enter adjustments in trade profit and loss security right in the Trading security group for a domain assigned to that user group.

Activity Steps

1. Open the Profit And Loss Report.
2. Select the Results tab.
3. Select a trade.

   The Profit and Loss table displays the line items of the trade with their profit or loss.

4. To adjust only the value of a line item:
   1. Edit the value of the P&L of the line item.

      The profit or loss (P&L) of the line item, which for most line items is calculated as:

      ( Market Price - Price ) * Quantity

      For service and freight charge line items, the P&L is expressed as a single value.

      Profits are positive; losses are negative.

      Adjustments are specific to the Profit and Loss report and do not affect the profit and loss of trades displayed on the Trade Detail.

   2. Enter Comments if required.

      The Last Modified field is updated with the name of the user who adjusted the profit or loss, and when the adjustment was made.

5. To add an adjustment:
   1. Right-click in the purchase or sales side of the trade as required and select Add Adjustment from the menu.

      The Add or Edit Adjustment screen displays.

   2. Enter the following fields.
      • Category—Determines where the adjustment displays in the profit and loss.
      • Is Dry Mass Basis
      • Amount
      • Comments
   3. If the Category is Price, select the Analyte Definition.
   4. If the Category is Contract Charges, select the Contract Charge or Contract Charge Template, and the Contract Charge Concept as required. If the contract charge is a refining charge, select the Analyte Definition.
   5. If the Category is Freight And Service Charges, select the Activity, Rate Details and Cost Subcategory.
   6. If the Category is Others, select the Dynamic Item Type from the Dynamic Invoice Item Types list items defined in the List Editor.
   7. For any other category, enter a Description.

      For price, contract charge and freight and service charge adjustments, MineMarket creates the description from the selected values.

   8. Click OK.
6. To edit an adjustment:
   1. Right-click the line item and select Edit Adjustment from the menu.

      The Add or Edit Adjustment screen displays.

   2. Update the fields as required.
   3. Click OK.
7. To delete an adjustment, right-click the adjustment and select Delete Adjustment from the menu.
8. To clear all adjustments:
   1. Right-click in the Profit and Loss table and select Clear Adjustments from the menu.

      A confirmation message displays.

   2. Click Yes.
9. Click Save.