Where do I choose the profit and loss account statement type? - with QuickVid

In the Wizard there are 3 available options for the type of statement to show for the Profit and Loss.

1. Open the Accounts format section of the Wizard via the toolbar in the accounts.

2. Select Disclosure Format

3. Under Presentation, Statement Type are the 3 statement options.

4. Select the required option to be included in your accounts.

Single-statement generates the Statement of Comprehensive Income.

Two-Statements generates the Profit & Loss Account and the Statement of Comprehensive Income.

Statement of Income & Retained Earnings generates the Statement of Income and Retained Earnings.

Note: These options are hidden from view if the company is set to Dormant. 

If you are choosing to show the Profit and Loss Statement while the company is dormant, and need to change the statement type, you will need to temporarily remove this setting from the Company Size tab of the Start Wizard.

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