Income statement settings
Drill down on the income statement
Cost Unit Specific Income Statements
Income statement settings
Type of report - You can print the income statement by selecting report type Profit and Loss Account.
Name - Several different income statement templates are available for selection, from which you can choose the one that best suits your needs from the Name menu. Templates starting with LK are based on the Liikekirjuri, those starting with KK on the Kiinteistökirjuri, and those starting with YK on the Yhdistyskirjuri. Reports that include the word official in their name are account group-level reports; others are printed at the account level. If the report name mentions LK 2020 (e.g., 011 LK2020 Official income statement by account), the accounts in that report are based on the Liikekirjuri 2020 chart of accounts model.
Some of the income statements display the comparative percentage of revenue, these are marked with LV% in their names.
The program can also print shorter income statements that start from gross profit. The name of these reports includes gross.
Type - By default, the income statement is printed with gross amounts unless the periodic tax calculation has been made. If you want to print the income statement with net amounts even before the periodic tax calculation, select Net as the type. The report title will then also indicate that this is a Net report (Profit and Loss Account – Netto). Note that in order for the income statement to always print correctly with the net option, the VAT voucher type must be set to VAT (Settings – Voucher Types).
Extra tabs - When selecting the income statement to print, the Extra tabs setting Show columns by month can also be selected.
This option outputs the data for the selected period in monthly columns in the income statement. Additionally, you can select Forecast either Budgeted or By previous year. In this case, the months belonging to the financial year that follow the reporting period are printed either according to the budget or to last year.
Scope - When printing, only the ending period is selected, and the program prints the income statement based on the actual results from the beginning of the financial period up to the selected ending period.
If a forecast is additionally selected to be printed according to the budget or the previous year, the report will print the end period totals according to the selection either directly from the budgeted amounts or from the corresponding periods of the previous year.
If you choose to print the columns monthly, it is also advisable to select Print from the section and set the layout to Landscape, so that the columns fit better on the report.
Language - The income statement can be printed in Finnish, Swedish, or English by selecting a suitable language from the Language drop-down menu. Additionally, if necessary, other reporting languages can be enabled by specifying the required languages in the accounting settings (Settings – General – Accounting settings) and adding language names to accounts and report line specifications.
Drill-down on the income statement
On the income statement, you can drill down from the account group level to the account level and further from the account level to the transaction level. Drill-down is only possible with a html report.
Select the printable account-level income statement report and make the necessary period and other selections. Print the report using the HTML button.
By clicking on the account group, you can drill down to the account level, and by clicking on the selected amount, you can view the transactions that make up that amount.
The transactions will open in a new tab in the browser. In the opened view, it is possible to modify the transactions further. The view has the same checks as when entering transactions normally. For example, if VAT calculation has already been done, modifying the transaction is not possible.
You can drill down to the invoice from the view, provided that the respective event has been transferred from Purchase Invoices or Sales Invoices to accounting. By clicking on the voucher number, the invoice will open either in Purchase Invoices or Sales Invoices, depending on whether it is a purchase or sales invoice.
Cost unit specific income statements
Cost unit and other accounting object specific income statements can be printed by first selecting Profit and Loss Account as the report type and then choosing the desired income statement template from the Name menu. After this, select the desired accounting object from the Order menu, for example, Cost unit.
No empty subreports setting prevents reports from being printed from the accounting object if there are no entries for the selected reporting period. After each output of an accounting object, a page break will occur automatically unless the No page breaks setting is enabled.
The report will first print the data entered without an accounting object, followed by the output for each accounting object separately. The last page will print the total information for all accounting objects.