P&L accounts (SAP Business One)

P&L accounts in SAP Business One are G/L accounts used for Recognition of income and expenses of a company. They are central elements of the Income statement and show how operating activities affect the operating result.

1. definition and purpose

Document P&L accounts Revenue (income) and Expenditure (expenses).
They are part of accounting and serve to Determination of net income for the year or deficit.
They differ from balance sheet accounts (assets, liabilities, equity) in that they are only valid for a limited period of time. Closed at the end of the period.

2. integration into the chart of accounts

P&L accounts are located in the Chart of accounts on the active levels (levels 4-10).
the Account type is created as "Income" or "expense" defined.
You can tax code, Budget relevance or Cash flow relevance wear.
Accounts shown in green are included in the G/L account determination deposited.

3. booking behaviour and account determination

SAP Business One automatically uses P&L accounts when posting various business transactions. This assignment takes place via the G/L account determination:

projectsP&L accounts can be used for specific projects (cost/income objects).
cost accounting: Link with Cost types or Allocation rules.
BudgetingAccounts can be opened as Budget-relevant be marked.
Cash flow reports: Expense/income accounts can be included depending on the labelling.
DepreciationDepreciation accounts affecting the income statement for asset accounting are allocated separately.

5. period-end closing

P&L accounts are Closed at the end of the financial year (e.g. to the Annual result account).
In SAP Business One, you can create a separate account for each P&L account. "Period-end closing account" be defined.

Versino Financial Suite

With the Versino Financial Suite P&L accounts are managed more efficiently, transparently and securely in SAP Business One. The suite automates routine processes, offers centralised control and flexible evaluations and supports professional, legally compliant financial accounting