Profit and loss report

Requirement

All registered companies must produce a profit and loss report, or an income statement, and send it to the government.

German companies must prepare and lodge financial reports with the German Company Register, Das Handelsregister. These reports consist of a balance sheet and profit and loss account. Larger companies may also be required to publish their financial statements in the German Federal Gazette, Das Bundesanzeiger Verlag.

Accounting requirements and the scope of disclosure are contained in the German Commercial Code, Das Handelsgesetzbuch. Consolidated financial reports are prepared using one of these standards:

• International Financial Reporting Standards (IFRS) under the provisions of the EU International Accounting Standards Regulation (IAS)
• German Generally Accepted Accounting Principles (GAAP)

M3 solution

With the M3 Financial Report Generator module (RGR), any type of official report can be formatted and produced from M3 General Ledger. The same reports can also be saved and used to provide the same information as an M3 online enquiry.

The balance file keys are used to store the aggregate of transactional data to make it more efficient to display and report on this information. Various M3 programs can be used from the general ledger function to display, control, and maintain the balance keys.

Configuration guidelines

Program ID	Program name	Description or comment
GLS690	GL Balance File Key. Open	Eight predefined balance keys exist, but you can create others as required for your business.
MNS204	Output Service Selection. Open	Create a record for the RGS655PF output file that is created by the report generator. Set the Layout field to A4.
RGS600	Report. Open
RGS610 RGS620 RGS630	Column. Open Lines. Open Cell. Open
RGS010	User. Open for Report Distribution
RGS220	User. Display for Report Distribution	Configure the online display of formatted reports.