New Zealand only
Summarising profit distributed in the Profit & Loss Statement
In Statutory Reporter, you can choose to summarise profit distributed to each owner as a single line item at the end of the Profit and Loss Statement.
This is particularly useful if you have many shareholders, beneficiaries or owners and you don't want to list all their names on the Profit and Loss statement.
By default, the Profit distribution to owners group contains the income allocation accounts for partners in a partnership. These accounts will be listed individually under Net profit distributed to: at the end of the Profit and Loss statement.
If you prefer to show a single line for total profit distributed to owners, rather than listing each owner separately, create a custom group under the Profit distribution to owners group, then and allocate the each distribution account to the custom group.
Displaying depreciation after Net profit before depreciation
You can display depreciation after Net profit before depreciation in the profit or loss statement and the 5-year trend report.
|title||To enable displaying depreciation after Net profit before depreciation|
- Go to the Client Accounting > Reports tab.
- On the Tasks bar, select Non-Transaction Data. The Statutory Reporter - Non-Transaction Data window appears.
- Select Profit or loss statement.
- Select Print depreciation after 'net profit before depreciation' and select OK.