Page Comparison - Changing how information is displayed in statements (NZ) (v.7 vs v.8) - PS Help: Client Accounting Help

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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.

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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.

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Allocating accounts to multiple account groups

Creating custom account groups or tax account groups

Improvements to Tax Notes in Statutory Reporter

Producing a detailed Imputation Credit Note in Statutory Reporter (NZ)

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Old Version 7

New Version Current

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Summarising profit distributed in the Profit & Loss Statement

Displaying depreciation after Net profit before depreciation

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