Planon Real Estate : RE Assets : Application settings : Company settings : Financial statements : Adding a profit & loss statement
Adding a profit & loss statement
Financial statements are managed and maintained in Application settings.
If you want to add a custom financial statement, proceed as follows.
Cash flow statement configuration
Procedure
1. In the navigation panel, click Application settings.
2. In the data panel, under Company settings, click Financial statements.
3. Click Add financial statement at the top.
A predefined statement appears, which you can amend as required.
4. Enter a Name for your financial statement and in Configure, specify whether your statement is Cash flow or Profit & Loss.
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The cash flow statement shows four different line types:
• Aggregated lines: used to aggregate cash flow lines to a higher level.
• Mandatory lines: are always active and have a predefined business logic which can’t be altered.
• Fixed lines: can be activated or deactivated but have a predefined business logic which can’t be altered.
Dynamic lines: can be created by the system administrator in the pick list.
5. Select a statement line on the left and under Accounting method on the right, indicate whether it is: Cash or Accrual.
◦ Cash: The date of the Profit & loss amount equals the cash flow date.
◦ If you click Accrual, automatically the Revenue and cost recognition method is Cash flow period.
- Cash flow period: The cash flow is straight lined over the duration of the contract.
- Payment period: The cash flow is straight lined over the cash flow period.
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The start and end dates for Profit & Loss can also be provided at the contract line level, which serves as an override.