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Author Topic:   Formatting Income Statement
FNuser129
Member 		posted 04-22-2005 12:55 PM     Click Here to See the Profile for FNuser129     Edit/Delete Message
On our income statements, we use a qualifer for the account to allocate income. This enables us to print an income statement excluding that account so that we have a simplified income statement (income/expenses/net operating income).

For 2005, the IS (excluding that qualifer), is printing out as in 2004 (last line being Net Operating Income) WITH THE ADDITION of 2 lines: 1) Net income after operating/ALLOC (Exclude) and 2) Net Income/ALLOC (Exclude).
I don't want my IS to print out the last two lines but can't determine why it's doing this. I've compared all of the IS accounts to last year's and they all appear to be setup the same. Can you help?

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FNuser129
Member 		posted 04-22-2005 01:10 PM     Click Here to See the Profile for FNuser129     Edit/Delete Message
OK--got this one mastered. There was a difference in my CofA under Income Accounts. For whatever reasons, my Misc. Income wasn't showing under the Section "Operating". Can you tell me, though, why some of my accounts are being carried forward into 2005 with changes made to the "Section" portion. This is the 2nd one that I've found this week that's different from 2004. Did I miss something in carrying over the old accounts into the new year? Tks!!

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fni_support
Moderator 		posted 04-25-2005 11:32 AM     Click Here to See the Profile for fni_support     Edit/Delete Message
When a new year is created in FN, it takes the structure and settings of the current year and uses that as the template for the new year being created. What happens typically is a user will start a new year before closing the current year. Then they go back into the prior year and make changes to the structure of the entity; those changes won’t reflect in the new year.

Matthew

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