To complete the full range of tasks facing accountants in various companies, as well as to give the reporting a complete look, it is necessary to fill out a profit and loss statement. This report should contain all the results of the financial activities of the organization. It must be remembered that in the specified report, income and expenses must be reflected specifically by divisions, if there are any in the organization. Also, do not forget that if a loss is formed in the organization, then it is marked in parentheses.
Instructions
Step 1
To correctly fill out the income statement, you should remember the following unshakable rules:
In the extreme columns of the report, it is necessary:
- fill in the date of the reporting period;
- indicate the date of the period of the year preceding the reporting year.
Step 2
Further, it is logical to go directly to filling in the accounting indicators, not forgetting that you need to transfer the data received last year to the last column. In the first section of the above report, it is required to indicate the amount of income and expenses received as a result of performing ordinary activities. This is how it should look:
First, you need to fill in column 010 - "Revenue", not forgetting that revenue is reflected net of VAT and excise taxes
Step 3
Further, it is necessary to indicate in column 020 - "Cost of sales" all costs associated with the purchase, manufacture and execution of goods, works, services.
Step 4
After that, it is worth filling in column 029 - "Gross profit", the data of which is calculated by subtracting the information in columns 010 and 020.
Step 5
Then you need to fill in column 030 - "Business expenses". This column indicates the costs associated with the sale of products.
Step 6
After these operations, you must enter the data in column 040 - "Administrative expenses". Here are indicated the costs associated with the remuneration of the administrative apparatus of management.
Step 7
Ultimately, it is supposed to fill in column 050 - "Profit (loss) from sales". In the specified column, the financial result of ordinary activities is displayed. This result is obtained as a result of the summation of the data in columns 030 "Commercial expenses" and 040 "Administrative expenses" and the subsequent difference between the obtained data and the data from column 029 "Gross profit (loss)". If the sum is less than "0", then the result is enclosed in square brackets.
Step 8
In the second section of the report, you must fill in data on other income and expenses of the organization. To do this, do the following:
Fill in column 060 - “Interest receivable”. This amount cannot include dividends received from investments in the authorized capital of other organizations.
Step 9
Next, you need to fill in column 070 - "Interest payable". It is prohibited to include interest on loans and borrowings in this amount.
Step 10
After that, you need to enter the data in column 080 - "Income from participation in other organizations".
Step 11
Then you should fill in column 090 - "Other operating income".
Step 12
Do not forget about filling in column 100 - "Other operating expenses".
Step 13
Next, you need to fill in column 120 - "Non-operating income", which indicates fines, penalties, penalties.
Step 14
After the above operations, it is necessary to indicate in column 130 - "Non-operating expenses" - the amounts paid to compensate for losses.
Step 15
In the third section of the report, you need to indicate the net profit. Here is an example of these operations:
Fill in column 140 - “Profit (loss) before taxation”. Here you need to calculate the data by summing up the information from columns No. 050, 060, 080, 090, 120, 070, 100, 130.
Step 16
Then fill in column 141 - "Deferred tax assets".
Step 17
After that, you need to fill in column 142 - "Deferred tax liabilities".
Step 18
Then enter the data in column 150 - "Current income tax".
Step 19
Ultimately, indicate in column 190 - "Net profit (loss) of the reporting period" - information obtained as a result of summing up data from columns No. 140, 141, 142, 150.
Step 20
A reference section must be attached to the prepared report, which is filled out by organizations that have the legal form of joint stock companies and which use PBU 18/02 (Accounting Regulations).
