Configuring the Profit and Loss module

  1. Select Modules > Consolidation > Profit and Loss and click Configure Module
  2. 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.
  3. Click Save.