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.
In Hungary, these standards are used for reporting:
- Hungary Accounting Standards
- IFRS standards
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.In this country, a specific layout is required for this report, according to the country-specific accounting standards or the IFRS standards. This specific layout is supported by the M3 Financial Report Generator Module (RGR).
Reporting for another financial reporting legislation, for example the US GAAP, can be defined in parallel.
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. |