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:
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.
5. Select a statement line on the left and under Accounting method on the right, indicate whether it is: Cash or Accrual.
If you click Accrual, automatically the Revenue and cost recognition method is Cash flow period.
6. Click Add general ledger to add a general ledger entry.
7. Expand the Select... box to assign the general ledger entry.
8. Click Save at the top to save and apply your changes.
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Your statement is immediately active and available for use. If necessary,there are options available for managing your financial statements.