Interim Financial Statement

This guide covers the creation of an interim financial statement in Netvisor. 

You can create an interim financial statement by selecting Bookkeeping > Financial statements > Compile financial statements.

In Netvisor, it is possible to obtain financial statement material for a desired period. Proceed as follows:

• Change the active period in the financial statements compilation view.
• Enter the desired period manually.
• Retrieve the reports for the selected period.
• Select the desired comparison period for the report.

This way, reports for the desired period can be obtained and an interim financial statement can be created. In the view, you can also select the desired comparison period for the report.

The title of the financial statement can be changed if desired in the financial statement settings Financial statement settings. However, the header of the report will still read as financial statement.

If you want the fiscal year's profit or loss to be visible in the general ledger and journal in the interim financial statements, proceed as follows:

1. Do not close the fiscal year.
2. Make a unilateral entry of the fiscal year's profit or loss with a memo voucher through manual voucher creation.
3. Make sure that the Automatic counter-entry suggestion and VAT calculation option is in off mode so that the voucher can be saved.
4. Date the voucher on the last day of the interim financial statement.
5. Make a contra entry for the next day of the interim financial statement (you can copy the voucher as a mirror image).

Two financial statements cannot be created for the same period in Netvisor. If you want to save the interim financial statement in Netvisor, proceed as follows:

• Create the interim financial statement for the desired period.
• Save the interim financial statement material to your own workstation.
• Manually transfer the saved interim financial statement material to the financial period archive attachments.

Frequently asked questions

Question: How do I create an interim financial statement in Netvisor?
Answer: Open Bookkeeping > Financial statements > Compile financial statements, change the active period, enter the desired period manually, retrieve the reports and, if necessary, select a comparison period.

Question: Can I change the title of the interim financial statement?
Answer: You can change the title in the Financial statement settings view, but the header of the report will still read financial statement.

Question: How do I display the fiscal year's profit or loss in the general ledger and journal in the interim financial statements?
Answer: Do not close the fiscal year, but make a unilateral entry of the profit or loss with a memo voucher using a manual voucher, with the Automatic counter-entry suggestion and VAT calculation option in off mode. Date the voucher on the last day of the interim financial statement and make a contra entry for the next day.

Question: Can I create two financial statements for the same period in Netvisor?
Answer: You cannot create two financial statements for the same period. The interim financial statement must be saved and manually transferred to the financial period archive attachments.

Keywords: Interim financial statement

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