In order for all accounting tasks to be completed in full, the accountant needs to fill out the company's annual profit and loss statement. Such a report must contain the results of all financial activities of the organization for the reporting period. Every accountant should know how to reflect last year's loss.
Instructions
Step 1
First of all, you need to know that when filling out the income and expense report, it is necessary to reflect these same income and expenses by division, if there are any in the organization. In addition, it is important to know that the loss incurred at the enterprise should be marked in brackets in the documentation.
Step 2
Indicate in the last column of the report the date of the reporting period and the date of the period of the year that preceded this reporting year. Proceed to filling out the required accounting indicators. It is important to remember here that the last column contains data that was received last year, they should simply be transferred from the previous reporting year.
Step 3
Indicate the amount of income and expenses in the first section of the said report, which resulted from the company's normal activities. For this:
Fill in the “Revenue” column (010). It is important to remember that this column is filled in minus value added tax and excise taxes.
Step 4
Indicate in the column "Cost of sales" (020) all expenses that are associated with the purchase, manufacture or performance of services, goods and works by the enterprise.
Step 5
Fill in the "Gross Profit" column (029). To do this, subtract the information in column 020 from column 010.
Then - "Selling expenses" (030). In this column, indicate all costs associated with the sale of products by the enterprise.
Step 6
Enter the required data in the "Administrative expenses" column (040). This column indicates all expenses that are associated with the remuneration of the entire administrative apparatus of the enterprise management.
Step 7
Fill in the column "Profit (loss) from sales" (050). Here it is necessary to reflect the financial result of the ordinary activities of the enterprise. To obtain such a result, it is necessary to summarize the columns "Commercial expenses" (030) and "Administrative expenses" (040), and then calculate the difference between the obtained data and the data from the column "Gross profit (loss)" (029). If the amount received is less than zero, the result should be enclosed in square brackets. Proceed to completing the second part of the report.
Step 8
Fill in the “Interest receivable” column (060). Remember - this amount cannot include dividends that are received by investing in the authorized capital of an enterprise of other organizations. Fill in the “Interest payable” column (070). This amount should not include interest on loans and borrowings.
Step 9
Enter the required data in the column "Income from participation in other organizations" (080). Fill in the columns "Other operating income" (090) and (100), then - "Non-operating income" (120). In this column, you must indicate all forfeits, penalties, fines.
Step 10
Indicate in the column "Non-operating expenses" (130) all amounts paid as compensation for damages.
Proceed to completing the third part of the report.
Step 11
Fill in the “Profit (loss) before tax” (140). To do this, you need to take the data of columns 050, 060, 080, 090, 120, 070, 100, 130 and sum them up. Fill in the column "Deferred tax assets" (141), "Deferred tax liabilities" (142) and enter the required data in the column "Current income tax" (150). Indicate in the column "Net profit (loss) of the reporting period" (190) all the information that is obtained as a result of adding columns 140, 141, 142, 150. Done.
