Mobiloan User Guide
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On this page
  • Getting started
  • Loan Income Grouping
  • Adding a User Note
  • Basic Report Structure
  • Accuracy Enhancements
  • 🆕 Capturing the VAT amount of a Purchase Sale Expense
  • 🆕 Custom Transaction Dates

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  1. MAIN MENU
  2. Reporting
  3. Advanced Reporting

Profit and Loss Report

Use P&L statements to assess your business profitability over a year.

PreviousStandard SMRNextTools Menu

Last updated 1 year ago

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Getting started

In the Advanced Reporting menu of the Reporting Suite, select Profit and Loss

You will then be prompted to build the Profit and Loss Report by entering the basic report filters such as the Company, Branch and Date Preselect.

Loan Income Grouping

You may opt to change the Income Grouping of the results.

The two grouping options are explained below :

  1. Loan Payout Month - The report will generate and display all income revenue as income received in the same period in which the loan was paid out. When using this method, the scheduled receipt period is irrelevant.

  2. Scheduled Receipt Month - The report will generate and display all income revenue as income received in the scheduled repayment period. When using this method, the actual period which the loan(s) were paid out is irrelevant.

Adding a User Note

Basic Report Structure

The results generated provides a monthly financial snapshot of the total income generated and compares it to all incurred expenses, revealing the company's profitability for that period.

A general example is shown below

Accuracy Enhancements

The enhancements listed below will significantly improve the accuracy, flexibility, and performance of the P&L report.

🆕 Capturing the VAT amount of a Purchase Sale Expense

When creating a new Transaction Category, enable the VAT EXEMPT OR ZERO RATED toggle switch to enabled to declare the expense as a vatable.

Now, when capturing a new expense, you will be able to enter the amount paid to VAT as a separate field (shown below)

🆕 Custom Transaction Dates

The date that a purchase sale transaction took place is a user defined field. This means that the transaction date of an unreconciled report can be modified accordingly.

The user creating the transaction will have to have enabled as a role right the Advanced Ledger Right to ALLOW CUSTOM DATE TRANSACTION in Setup > Role > Transaction Rights

If you want to record a discrepancy, wish to implement a strategy based on the current profit and loss statement values, or perhaps there's been a notable event that may drastically hamper the net total for a particular month, simply select the icon. The following dialog will pop up, allowing you to append a note that will appear in the report.

In Advanced Reporting select Profit and Loss
Once you've built the required filters, select Submit
Choose a Loan Income Grouping.
Select the + icon to add a note to the P&L report.
Example - Format of the Profit and Loss Report
Enable the Toggle to Require the Amount VAT field when capturing this expense manually.
As depicted, the amount of the expense including VAT must be specified before capturing the expense.
Select the Date Transaction field
Advanced Ledger Right (Highlighted ) required for this action.