Show net Profit/(Loss) for the year on the detailed income statement for Micro company accounts
The detailed profit and loss account is the part of the accounts most discussed with clients and net profit/(loss) before tax is the figure they need to be able to easily see.
This is basics! Not a requirement under FRS 105 but you're allowed to amend - as other software providers do. Its the first figure clients look for and it isn't there. Priority in my view.
This is basics! Not a requirement under FRS 105 but you're allowed to amend - as other software providers do. Its the first figure clients look for and it isn't there. Priority in my view.