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The income statement reveals the performance of a company during a particular period of time and summarizes the revenue items, the expense items and the difference between them depicting the net profit or loss for an accounting period. Tell me more.
Select the “Report on Income Statement” link under “Reports – Book keeping”.
The “Income Statement” page appears.
Enter the following field in the “Print Criteria” group box:
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Run Type |
Use the drop-down list box and select the type of run that must be used to generate the income statement. You can select from “FB Simulation” or “Company Simulation”. |
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The system displays “Blank” by default on launch of the page. | |
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Simulation Run No |
A unique number identifying the simulation run (Alphanumeric, 18). The number entered in this field could be a “FB Simulation” number or a “Company Simulation” number. |
Note: This field must not be left blank if a run type is selected in the “Run Type” field.
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Book Type |
Use the drop-down list box to select the type of finance book for which you want to view the income statement. All the types of finance books that have been deployed in the login organization unit will be available for selection in the alphabetical order. You can select from “Consolidation Finance Book”, “Main FB” or “Posting FB”. |
Note: If tax books have been deployed in the login organization unit, the types of the tax book will also available for selection. It could be “Posting Tax Book” or “Main Tax Book”.
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Business Unit |
Use the drop-down list box to select the business unit for which you want to view the income statement. All the business units that have been mapped to organization units in which a “Report – Book Keeping” and a “Finance Book Processing” business component has been deployed will be available for selection in the ascending order. |
Note: The system loads this field with blank, when book type selected is “Main FB”, “Consolidation FB” or “Main TB”.
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Finance Book |
Use the drop-down list box to select the finance book for which you want to view the income statement. All the finance books for the selected business unit and book type and to which “Report – Book keeping” is mapped will be available for selection. |
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Reporting Structure |
Use the drop-down list box to select the reporting structure in which you want to view the Income Statement. The system lists all the reporting structures defined in the “Create Reporting Structure” activity of the “Consolidation” business component if “Main FB” is selected as the “Book Type”. By default the system leaves the field blank. Note that the system does not list any values in this field if “Posting FB” is selected as the “Book Type”. |
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Currency |
Use the drop-down list box to select the currency in which you want to view the income statement. You can select from “Base Currency” or “Parallel Base Currency”. The system displays “Base Currency” by default on launch of the page. |
Note: “Parallel Base Currency” will be available for selection only if it is applicable for the company.
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Layout No |
A unique number identifying the layout of the income statement (Integer, 18). The layout number must have already been defined in the “Financial Statement Layout Component” for the balance sheet. |
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As On Date |
The date on which you want to view the income statement (Date Format). The date entered in this field must be before the system date. The system date is displayed by default on launch of the page. |
Note: This field must not be left blank if the “Simulation Run No” field is left blank. Income statement is displayed for a Period of time, determined by as on date and year to date selection. For example, when as on date: 31/12/2002, Year to Date is ‘Checked’, Financial year of the company being ‘ 01-01-2002 – 31/12/2002’, Income statement for the period 01-01-2002 to 31/12/2002 is displayed.
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Comparison Date |
The date for which you want to compare the income statement details (Date Format). The date entered in this field must be before the date entered in the “As on Date” field. |
Note: The date entered in this field must be before the system date if a run number has been entered in the “Simulation Run No” field.
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Year To Date |
Check the box if you want to retrieve the balances from the beginning of the financial year within which the system date falls. |
Note: If this field is not checked the balances are taken from the beginning of the financial period within which the system date falls will be retrieved.
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Amount In |
Use the drop-down list box to set whether you want to view the income statement figures in “Billions”, “Millions” or “Thousands”. The system displays “Blank” by default on launch of the page. |
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Include Memorandum Vouchers |
Check the box if you want to include the memorandum journal voucher amounts in the income statement. |
Click the “Print Income Statement” push button to print the details of the income statement.
The system retrieves and derives the total revenue and expenses under different headings (in the default layout no) using the opening debit balance and credit balance of the account for a selected date for the selected finance book. Similarly results displayed for comparison date. The system also generates the total revenue, cost and expenses and the net earnings of the income statement.
If a user-defined layout is given, the system performs the following:
Retrieves the total revenue and expenses under different headings using the opening debit balance and credit balance of the account for a selected date for the selected finance book.
Generates the total revenue, cost and expenses and the net earnings of the income statement.
Displays the period budget, year-to-date balances, year-todate budget and the annual budget under different headings defined in the user-defined layout.
Click the “Extract To Excel” push button to extract the details of the income statement to excel.
The system retrieves and derives the total revenue and expenses under different headings (in the selected layout no or default layout no) using the opening debit balance and credit balance of the account for a selected date for the selected finance in a MS-Excel sheet. . Similarly results displayed for comparison date. The system also generates the total revenue, cost and expenses and the net earnings of the income statement.
Report on Income Statement – An overview
A detail income statement can be printed for a period of time. The income statement details can be viewed based on the selection of the layout number. Each layout number displays various statements. The memorandum journal vouchers that have been created to simulate certain journal entries can also be included while generating the income statement of a finance book. An income statement can be generated in the base currency of the company. If a parallel base currency is available for a company, the income statement can also be generated in the parallel base currency. You can view the details of a generated income statement before printing. The income statement can also be generated and viewed in a MS-Excel work sheet.
This page allows you to set the criteria for generating an income statement for a finance book. You can generate an income statement for a finance book irrespective of whether it is a “Main”, “Posting” or a “Consolidation” finance book. If a “Tax Book” is maintained for an organization unit, this page also allows you to set the criteria and generate an income statement for the individual tax books.
You can also include the memorandum journal vouchers that have been created while generating the income statement. This page also retrieves and displays the income statement for the selected finance book on another date for comparison. You can also set the figures in which you want to view the income statement.
This page allows you to generate the total revenue, cost and expenses and the net earnings in the income statement.