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.
63
votes
Johann Soekoe
shared this idea
-
simon chrispin commented
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
Seeing Tax seperately would be a big help with management reports as it would enable for better ratio and comparissons.
-
Mark Dunsmuir commented
While accountants know to look for this and remove, generally business owners do not realise
-
Rey Arellano commented
Easy to do in custom format, but yeah, would be nice as built-in standard.
-
Johann Soekoe commented
Agreed