Profit & Loss Statement Format
Separate the INCOME TAX EXPENSE from the normal operating expenses in the Profit & Loss Statement. for example:
- Net Profit Before Tax
- INCOME TAX EXPENSE
- Net Profit After Tax
This is the basics of accounting apps.
23
votes
Johann Soekoe
shared this idea
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Mark Dunsmuir
commented
While accountants know to look for this and remove, generally business owners do not realise
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Reynaldo E. Arellano, CPA
commented
Easy to do in custom format, but yeah, would be nice as built-in standard.
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Johann Soekoe
commented
Agreed