Changing how information is displayed in statements (NZ)

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.