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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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Report Basis |
Use the drop-down list box to select the basis on which the report is to be generated. The combo is loaded with "Finance Book Based" and "Structure Based". If the login company is a Parent company the combo will also be loaded with " Segment Based". |
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Reporting Structure |
The Reporting structure ID created in FB Consolidation Component to extract the report based on the structure ID created. |
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Segment |
The Segment ID based on which the report needs to be extracted. Help Facility Available |
Note: Report can be launched for a segment only if the Login Company is a Parent Company and Report basis is Segment Based.
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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 Finance Book” or “Posting Finance Book”. |
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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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. If the Report basis is selected as "Segment Based", the value "Base Currency" is available for selection.
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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 Income Statement. |
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Report Format |
Use the drop down list box to select the Report format to launch the Income Statement. You can select from New and Old. The system displays New by default on launch of the page.. |
Note: The Report format control will be visible based on the base currency of the login company. When the base currency of the login company is ‘Indian Rupees’ and the first financial calendar start date with legacy option as No before 1.4.2011,then this control will be visible.
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Financial Year |
Use the drop down list to select the Financial year for which you want to view the Income Statement. All the Financial years mapped to the Login Company upto the year in which the System date falls will be available for selection. The system displays the Year in which the system date falls by default on launch of the page. |
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Financial Period From |
Use the drop down list to select the Financial period from which you want to view the Income Statement. All the Financial Periods available for the selected Financial Year will be available for selection. The system displays the period in which the system date falls by default on launch of the page. |
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To |
Use the drop down list to select the Financial period upto which you want to view the Income Statement All the Financial Periods equal to or greater than the selected Financial Period From for the selected Financial Year will be available for selection. The system displays the period in which the system date falls by default on launch of the page. |
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Comparison Year |
Use the drop down list to select the comparison year for which you want to view the Income Statement. All the Financial years mapped to the Login Company upto the year selected in Financial Year Combo will be available for selection. The system displays "Blank" by default on launch of the page. |
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Comparison Period From |
Use the drop down list to select the comparison period from which you want to view the Income Statement. All the Financial Periods available for the selected Comparison Year will be available for selection. The system displays "Blank" by default on launch of the page. |
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To |
Use the drop down list to select the comparison period upto which you want to view the Income Statement. All the Financial Periods equal to or greater than the selected Comparison period From for the selected Comparison Year will be available for selection. The system displays "Blank" by default on launch of the page. |
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Amount In |
Use the drop-down list box to set the value in which you want to View the Income statement. The system displays "Actuals" by default on launch of the page. |
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Include Vouchers |
Use the drop down list box to select the voucher amount to include in income statement. The combo would be loaded with "Memorandum", "IFRS Adjustments" and "All". |
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Include Initial Balance Entry |
Check the box to include initial balances available for the finance book in the report . Initial Balance Entry available for Expense and Revenue Account Codes will be considered in the report, if the check box is checked. |
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Upto Run No. |
Use the drop down list box to launch the Income Statement based on provisional Run No. The transactions created after provisional closure upto the selected Run No. will be considered for launching the report. The transactions created after the selected Run No. is not considered in the report. The combo would be loaded with Provisional Run NO. available for the Financial period To. |
Note : The combo would be visible only for the Report Basis - Finance Book Based, Book Type - Posting FB, and Finance Book - Specific Finance Book.
Click the “Print Income Statement” pushbutton to print the details of the income statement.
The system retrieves and derives 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. Similarly results are displayed for comparison date. The system also generates the total revenue, cost and expenses and the net earnings of the income statement.
Click the “Extract To Excel” pushbutton 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.
Click the "Schedules to Income Statement” pushbutton to print the Schedule details of the Income Statement.
Click the "Sub Schedules to Income Statement” pushbutton to print the Sub Schedule details of the Income Statement.
Click the "Print Layout Based Income Statement” pushbutton to print the Layout Based Reports of the Income Statement.
The system retrieves and derives the total revenues and expenses under different headings in the selected layout no using the opening debit balance and credit balance of the account for a selected date for the selected finance book.
If the Finance Book is selected as Consolidated, the balances for the account codes included in the given layout of all the finance Books loaded in the finance book combo would be consolidated and displayed in the report. Similarly results are displayed for comparison date. The system also generates the total revenue, cost and expenses and the net earnings of the income statement.
Note : If the PPS parameter "Allow Usage of Layout No. Across finance Book is set to Yes" then for the given layout no. though the layout no does not belong to the selected Finance Book ,the balances for those account codes included in the given layout pertaining to selected Finance Book would be displayed in the report
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.