Display of Account Groups in the Income Statement and Balance Sheet : Netvisor

In this guide, you will learn how to edit the visibility settings of account groups in Netvisor for balance sheet and profit and loss statement reports in the financial statements. This ensures that the desired account groups and balances are displayed correctly on the reports.

The balance sheet and profit and loss statement reports in the financial statements are ready-made reports in Netvisor. You can edit which account groups are displayed on the financial statement report. These changes do not affect the balance sheet and profit and loss statement reports taken through bookkeeping reports. In Netvisor, the profit and loss statement and balance sheet in the financial statements have short and long formats:

You can open the editing of the visibility settings of account groups by selecting Bookkeeping > Specification of accounts > select account group. Changes can be made through the specification of accounts.

Edit the visibility settings of an account group in the specification of accounts as follows:

Open Bookkeeping > Specification of accounts in Netvisor.
Find the desired account group.
Select the xx-button at the account group's row.
Open the visibility settings and make the necessary selections.

Ensure consistent visibility settings for an account group and its sub-groups as follows:

If you want a certain account group and its balance to appear on the financial statement report, check all account groups below that account group in the hierarchy.
Open the visibility settings of each account group below it in the hierarchy.
Make sure that all these account groups have identical selections in the visibility settings.
Note that the settings of an account group and the account groups below it must not conflict with each other.
If even one sub-group has a different selection in the settings, the balance of that account group will not appear on the financial statement report.

The following points affect whether the account group is displayed in the short and/or long format of the profit and loss statement. There are also corresponding selections for the balance sheet accounts:

You can delete the subheading and sum "profit before extraordinary items" from the profit and loss statement as follows:

Open Bookkeeping > Specification of accounts > accounting act 2016 settings in Netvisor.
In the specification of accounts, go to the "accounting act 2016 settings" view.
Click "Save" at the bottom of the view.

This action removes the row from the profit and loss statement if there are no longer any extraordinary items in the profit and loss statement formula.

Frequently asked questions

Question: How do I edit the visibility settings of account groups in the balance sheet and profit and loss statement reports of the financial statements?

Answer: In Netvisor, open Bookkeeping > Specification of accounts > select account group > select the xx-button at the account group's row and edit the visibility settings. Make sure that the visibility settings of the account group and its sub-groups are identical.

Question: Do changes to the visibility settings of account groups affect the bookkeeping balance sheet and profit and loss statement reports?

Answer: They do not. The changes apply only to the balance sheet and profit and loss statement reports of the financial statements, not to the reports taken through bookkeeping reports.

Question: Why is the balance of an account group not displayed on the financial statement report?

Answer: Check that the visibility settings of the account group and all account groups below it in the hierarchy have identical selections. If even one sub-group setting differs, the balance of that account group will not appear on the report.

Question: How do I delete the subheading and sum "profit before extraordinary items" from the profit and loss statement?

Answer: In Netvisor, open Bookkeeping > Specification of accounts > accounting act 2016 settings and click "Save" at the bottom of the view. The row will be removed from the profit and loss statement if there are no longer any extraordinary items in the profit and loss statement formula.

Keywords: visibility settings of account groups, financial statement balance sheet, financial statement profit and loss statement, short profit and loss statement, long profit and loss statement, specification of accounts, accounting act 2016 settings, profit before extraordinary items, Netvisor reports

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