Configuring the Profit and Loss module
-
Select and click Configure
Module
- Specify this information:
- Total Profit and Loss
- Select the group account to be the top account in the profit and loss
hierarchy.
- Sum of the P&L before Currency Translation
- Select the group account to be the top account in the
profit and loss hierarchy before currency exchange
differences.
- Currency Translation Differences
- Select the P&L account to which to post system
generated currency exchange differences.
- Deferred Tax-Expenditure
- Select the P&L account to which to post system
generated deferred tax charges.
- Deferred Tax-Revenue
- Select the P&L account to which to post system
generated deferred tax credits.
-
Click Save.