China Income Statement Report
This feature requires the China Localization SuiteApp.
The following describes the features and steps of the China Income Statement Report.
Overview
The China Income Statement Report shows a company’s income, expenses, and net income for a specific accounting period. The report uses a layout that meets regulatory requirements under the People's Republic of China Generally Accepted Accounting Principles (PRC GAAP).
To meet statutory requirements, you'll need to customize the China Income Statement Report according to the company's chart of accounts. For more information, see Customizing China Income Statement Report.
Generate the China Income Statement Report
To Generate the China Income Statement report:
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Go to the Chinese Income Statement Report:
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In the Classic Center, go to Reports > Financial > China Income Statement.
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In the Accounting Center:
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Go to Financial > Reports > China Income Statement.
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Go to Reports > Financial > China Income Statement.
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In the Income Statement Name field, select the report name. The selected name must match the name of the report that was customized. The dropdown lists added reports. China Localization provides a default income statement named China Income Statement Template_English or 中国利润表模板_中文. To enter this, point your cursor to the Income Statement Name field, then click New. For more information, see Add A New Income Statement to the Report
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In the Subsidiary field, select a subsidiary.
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In the Period field, select an accounting period.
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In the Unit field, select the unit display. This determines how numbers are displayed in the report.
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Unit - Displays numbers in the basic unit of ones.
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Thousands - Displays numbers in thousands.
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Ten Thousand - Displays numbers in ten thousands.
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(Optional) In the Location field, select a location.
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(Optional) In the Department field, select a department.
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(Optional) In the Class field,select a class.
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Click Refresh.
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(Optional) Click Export - PDF to save the report in PDF format.
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(Optional) Click Export - Excel to save the report in Excel format.
Add A New Income Statement to the Report
Before viewing or generating any customized income statement you'll need to add it to the report selection.
Follow these steps to add a new income statement to the China Balance Sheet Report:
To add a new income statement to the China Income Statement Report:
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Go to the Chinese Income Statement Report:
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In the Classic Center, go to Reports > Financial > China Income Statement.
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In the Accounting Center:
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Go to Financial > Reports > China Income Statement.
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Go to Reports > Financial > China Income Statement.
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Point your cursor to the Income Statement Name field.
Two new buttons appear.
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Click New. A new window appears.
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In the Name field, enter the income statement name. The name must match the name of the report that was customized.
If you're adding reports for the first time, China Localization provides a default income statement. To use it, enter China Income Statement Template_English or 中国利润表模板_中文.
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(Optional) Click Reset to clear the fields.
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Click Save.
After adding the report name, you can select the income statement in the Income Statement Name field when generating the China Income Statement Report.
Delete an income statement from the China Income Statement Report
When added, you can use an income statement every time you need to generate a China Income Statement Report. If you don’t need a specific income statement, you can remove them from the reports list.
Follow these steps to remove a balance sheet from the China Income Statement Report.
To delete a income statement from the China Income Statement Report :
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Go to Reports > Financial > China Income Sheet.
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In the Income Statement Name field, select a report.
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Point your cursor to the Income Statement Name field.
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Click Open.
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Click Edit.
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Click Actions > Delete.
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Click OK.