The report shows the company's revenues, costs and expenses, gross profit, and taxes. The report shows the flows into and out of the accounts during the period.
The Report is located in Accounting module in "Reports" Section.
The parameter "Show Details by GL Accounts" will add corresponding accounts under each group of the report.
The parameter "Show changes in Statement Period" will add the changed comparing to previous year (of the selected period) in absolute and percentage forms.
By double-clicking on the value against the GL account (having the parameter "Show Details by GL Accounts" enabled) the details of the value could be generated in two forms - Account's Trial Balance and Account's statement with the filters applied from the original report.
The explanation of the formulas and the accounts sections that are included in the report generation with additional comments are in the table below:
No | Grouping Name | GL Accounts sections that are included in the value | Comments |
1 | Revenue | PL Revenue | Dr Turnovers are considered as negative value, Cr Turnovers are considered as positive value, i.e (-DR), (+CR) |
2 | Cost of Sales | PL Cost Of Goods Sold (Employees) | Dr Turnovers are considered as negative value, Cr Turnovers are considered as positive value, i.e (-DR), (+CR) |
3 | Gross Profit | Gross Profit = Revenue + Cost of Sales | Gross Profit is calculayed by formula |
4 | Selling Expenses | PL Selling Expenses | Dr Turnovers are considered as negative value, Cr Turnovers are considered as positive value, i.e (-DR), (+CR) |
5 | Administrative Expenses | PL Administrative Expenses (Employees) | Dr Turnovers are considered as negative value, Cr Turnovers are considered as positive value, i.e (-DR), (+CR) |
6 | Other Incomes / (Expenses), Net | PL Other Operating Expense PL Other Operating Income | Dr Turnovers are considered as negative value, Cr Turnovers are considered as positive value, i.e (-DR), (+CR) |
7 | Operating Profit | Operating Profit = Gross Profit+Selling Expense+Administrative Expense + Other Incomes / (Expenses) | Operating Profit is calculated by formula |
8 | Finance Incomes / (Costs), Net | PL Finance Costs PL Finance Income | Dr Turnovers are considered as negative value, Cr Turnovers are considered as positive value, i.e (-DR), (+CR) |
9 | Foreign Exchange Gain / (Loss), Net | PL Non-Operating Expense PL Non-Operating Income | Dr Turnovers are considered as negative value, Cr Turnovers are considered as positive value, i.e (-DR), (+CR) |
10 | Profit Before Income Tax | Profit Before Income Tax = Operating Profit + Finance Incomes / (Costs) + Foreign Exchange Gain / (Loss) | Operating Profit is calculated by formula |
11 | Current Income Tax Expense | PL Current Tax Expense | Dr Turnovers are considered as negative value, Cr Turnovers are considered as positive value, i.e (-DR), (+CR) All Turnovers of GL accounts corresponding with BS Deferred Tax Assets and BS Deferred Tax Liabilities are excluded from the value |
12 | Deferred Income Tax (Expense) / Benefit | BS Deferred Tax Assets BS Deferred Tax Liabilities | Dr Turnovers are considered as negative value, Cr Turnovers are considered as positive value, i.e (-DR), (+CR) The value includes only turnovers from GL accounts corresponding with PL Current Tax Expense. All other turnovers are excluded. |
13 | Total Income Tax (Expense) / Benefit | Total Income Tax (Expense) / Benefit = Current Income Tax Expense + BS Deferred Tax Assets + BS Deferred Tax Liabilities | Operating Profit is calculated by formula |
14 | Profit for the Year | Profit for the Year = Profit Before Income Tax + Total Income Tax (Expense) / Benefit | Profit for the Year (for the selected period) is calculated by formula |