Profit & Loss Account and Balance Sheet

Madhavi_Pandey
Madhavi_Pandey Member Posts: 124
edited 2010-08-21 in NAV/Navision Classic Client
Hi Experts,

Is anyone created Profit & Loss Account and Balance Sheet statement as per Indian Localization.I need reports for my customer as per these financial statement.
Madhavi Pandey.

Comments

  • ssingla
    ssingla Member Posts: 2,973
    You can create the Balance Sheet and P&L easily in Account Schedule.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • Madhavi_Pandey
    Madhavi_Pandey Member Posts: 124
    ssingla wrote:
    You can create the Balance Sheet and P&L easily in Account Schedule.


    Yes i knew it i have already created both the statements,plz find the attachment,
    the Direct Cost Applied Account showing negetive(covered under Manufacturing Account total),how can i rectifying it so that manufacuring amount will show positive(its a purchase related expenses,Purchase Account shows with positive figure but Direct Cost Applied Account shows as negetive,and i think i have done some mistake in preparing Balance Sheet.Suggestion required,thanks in advance.
    Madhavi Pandey.
  • ssingla
    ssingla Member Posts: 2,973
    DCA account should be a part of Purchase Cost and not manufacturing expenses.
    In addition this could be a good guidance for you (Thanks to Alex):
    http://mibuso.com/howtoinfo.asp?FileID=21
    CA Sandeep Singla
    http://ssdynamics.co.in

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