Financial Reports:
P&L and Balance Sheet (Oman Format)
This module generates Oman-compliant custom-formatted Balance Sheet and Profit & Loss statements. It allows direct, clean mapping of Omani Chart of Accounts to custom report lines and automatically evaluates complex, multi-tiered formulas using a custom report calculation engine.
Features Highlights
Oman Format Mapping & Calculations
- Map General Ledger accounts using the Oman Format Mapping selection field.
- Generate Oman format Balance Sheet to check Total Assets and Total Equity and Liabilities.
- Generate Oman format Profit & Loss Report to check Gross Profit and Comprehensive Profit/(Loss) for the year.
- Supports resolving complex formula without circularity issues.
- Ready-made Balance Sheet and Profit & Loss report client actions and custom menus.
Configuration & Screenshots
1. Set Oman Format Mapping on Accounts
Navigate to Accounting > Configuration > Chart of Accounts. Open any account and set the Oman Format Mapping field under the definition section. The selection includes categories like Product Sales, Salaries and Wages, Audit Fees, Partners Remuneration, etc.
2. Balance Sheet Oman Format
Go to Accounting > Reporting > Balance Sheet Oman Format. This report outlines your assets, liabilities, and equity, structured precisely according to the Oman format mapping. Here you can check Total Assets and Total Equity and Liabilities at a glance.
Report Layout Template:
Generated Financial Report:
3. Profit & Loss Report Oman Format
Go to Accounting > Reporting > Profit & Loss Report Oman Format to run the report. From this view, you can check key figures such as Gross Profit and Comprehensive Profit/(Loss) for the year.
Report Layout Template:
Generated Financial Report:
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