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Reporting - Seperate Expenses on Profit & Loss

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.

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Johann Soekoe shared this idea  ·   ·  Report…  ·  Admin →
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  • Kristin Shelton commented  ·   ·  Report

    This is also standard presentation in US financial statements. There are "Other Income" and "Other Expense" categories at the bottom of the P+L. I would love to see both of them properly presented as a default in Xero, but for some reason they only let you create Other Income categories currently.

    Thank you for your suggestion - it is a majorly important missing component!

  • simon chrispin commented  ·   ·  Report

    This is standard UK account presentation for P&L. Why is it not possible? It makes the resulting stat accounts look very amateur.

  • Marta Le Riche commented  ·   ·  Report

    Seeing Tax seperately would be a big help with management reports as it would enable for better ratio and comparissons.

  • Mark Dunsmuir commented  ·   ·  Report

    While accountants know to look for this and remove, generally business owners do not realise

  • Rey Arellano commented  ·   ·  Report

    Easy to do in custom format, but yeah, would be nice as built-in standard.