Income Statement is empty

[Adrian Stern]

Hi

With my own CoA i've managed to get Accounting running. Invoices seem to
work as they should.. so far.

But: My invoices/received payments won't show up in the Income Statement.
Why could that be?

1. Create Invoice for Digital Good
2. Set invoice to ready
3. Create payment as Customer Payment with the full amount of money
4. Apply payment
5. receive money and finish payment

Trial Balance and Balance Sheet will be OK as in what't to be expected.
The Income Statement however is completely empty. Everything has avalue of
0.00 and no accounts are displayed.

Where can i configure the invoice statement?

Regards,
Adrian

[Jacopo Cappellato-4]

Hi Adrian,

On Mar 7, 2014, at 11:26 AM, Adrian Stern <[hidden email]> wrote:

> Hi
>
> With my own CoA i've managed to get Accounting running. Invoices seem to
> work as they should.. so far.
>
> But: My invoices/received payments won't show up in the Income Statement.
> Why could that be?
>
> 1. Create Invoice for Digital Good
> 2. Set invoice to ready
> 3. Create payment as Customer Payment with the full amount of money
> 4. Apply payment
> 5. receive money and finish payment
>
> Trial Balance and Balance Sheet will be OK as in what't to be expected.

Please check the "Account Class" you have set in these Gl Accounts: for example the "expense" account should have the "expense" class (or a children of it) in order to appear in the income statement; the income statement considers only the accounts with "expense" or "revenue" class; the balance sheet contains accounts with "asset", "liability" or "equity" class.

I hope it helps,

Jacopo

> The Income Statement however is completely empty. Everything has avalue of
> 0.00 and no accounts are displayed.
>
> Where can i configure the invoice statement?
>
> Regards,
> Adrian

[Adrian Stern]

Hi Jacopo

Thanks for your answer. I did check my accounts and one was not assinged to
no class. I did assign a class, but the Income Sheet is still empty.

The accounts i used are as followed: i've added a translation of the german
account names.

1020 Bankguthaben CASH_EQUIVALENT MONEY bank balances

1100 Forderungen aus Lieferungen und Leistungen (Debitoren) CURRENT_ASSET
MONEY Trade accounts receivable(debitors)
1101 Nicht zugeordnete Forderungen (Debitoren Hilfskonto) CURRENT_ASSETl
MONEY accounts receivable - unapplied payments

3200 Handelserlöse CASH_EQUIVALENT MONEY (income/proceeds for products)
3400 Dienstleistungserlöse CASH_EQUIVALENT MONEY (income/proceeds for
services

Does this seem right?


On 7 March 2014 12:04, Jacopo Cappellato
<[hidden email]>wrote:

> Hi Adrian,
>
> On Mar 7, 2014, at 11:26 AM, Adrian Stern <[hidden email]> wrote:
>
> > Hi
> >
> > With my own CoA i've managed to get Accounting running. Invoices seem to
> > work as they should.. so far.
> >
> > But: My invoices/received payments won't show up in the Income Statement.
> > Why could that be?
> >
> > 1. Create Invoice for Digital Good
> > 2. Set invoice to ready
> > 3. Create payment as Customer Payment with the full amount of money
> > 4. Apply payment
> > 5. receive money and finish payment
> >
> > Trial Balance and Balance Sheet will be OK as in what't to be expected.
>
> Please check the "Account Class" you have set in these Gl Accounts: for
> example the "expense" account should have the "expense" class (or a
> children of it) in order to appear in the income statement; the income
> statement considers only the accounts with "expense" or "revenue" class;
> the balance sheet contains accounts with "asset", "liability" or "equity"
> class.
>
> I hope it helps,
>
> Jacopo
>
> > The Income Statement however is completely empty. Everything has avalue
> of
> > 0.00 and no accounts are displayed.
> >
> > Where can i configure the invoice statement?
> >
> > Regards,
> > Adrian
>
>

[Jacopo Cappellato-4]

Hi Adrian,

some of the classes don't look right to me; please see inline:

On Mar 7, 2014, at 3:50 PM, Adrian Stern <[hidden email]> wrote:

> Hi Jacopo
>
> Thanks for your answer. I did check my accounts and one was not assinged to
> no class. I did assign a class, but the Income Sheet is still empty.
>
> The accounts i used are as followed: i've added a translation of the german
> account names.
>
> 1020 Bankguthaben CASH_EQUIVALENT MONEY bank balances
>

ok

> 1100 Forderungen aus Lieferungen und Leistungen (Debitoren) CURRENT_ASSET
> MONEY Trade accounts receivable(debitors)

ok

> 1101 Nicht zugeordnete Forderungen (Debitoren Hilfskonto) CURRENT_ASSETl
> MONEY accounts receivable - unapplied payments

ok

>
> 3200 Handelserlöse CASH_EQUIVALENT MONEY (income/proceeds for products)

Please assign to the above the class: "Revenue"

> 3400 Dienstleistungserlöse CASH_EQUIVALENT MONEY (income/proceeds for
> services

Also this one seems a "Revenue"

>
> Does this seem right?
>

Of course, double check with your accountant.

Jacopo

>
> On 7 March 2014 12:04, Jacopo Cappellato
> <[hidden email]>wrote:
>
>> Hi Adrian,
>>
>> On Mar 7, 2014, at 11:26 AM, Adrian Stern <[hidden email]> wrote:
>>
>>> Hi
>>>
>>> With my own CoA i've managed to get Accounting running. Invoices seem to
>>> work as they should.. so far.
>>>
>>> But: My invoices/received payments won't show up in the Income Statement.
>>> Why could that be?
>>>
>>> 1. Create Invoice for Digital Good
>>> 2. Set invoice to ready
>>> 3. Create payment as Customer Payment with the full amount of money
>>> 4. Apply payment
>>> 5. receive money and finish payment
>>>
>>> Trial Balance and Balance Sheet will be OK as in what't to be expected.
>>
>> Please check the "Account Class" you have set in these Gl Accounts: for
>> example the "expense" account should have the "expense" class (or a
>> children of it) in order to appear in the income statement; the income
>> statement considers only the accounts with "expense" or "revenue" class;
>> the balance sheet contains accounts with "asset", "liability" or "equity"
>> class.
>>
>> I hope it helps,
>>
>> Jacopo
>>
>>> The Income Statement however is completely empty. Everything has avalue
>> of
>>> 0.00 and no accounts are displayed.
>>>
>>> Where can i configure the invoice statement?
>>>
>>> Regards,
>>> Adrian
>>
>>

[Adrian Stern]

Hi Jacopo

Yes you are right. After applying your changes both the Balance and Income
Statement seem to be right.

Thanks.


On 7 March 2014 15:57, Jacopo Cappellato
<[hidden email]>wrote:

> Hi Adrian,
>
> some of the classes don't look right to me; please see inline:
>
> On Mar 7, 2014, at 3:50 PM, Adrian Stern <[hidden email]> wrote:
>
> > Hi Jacopo
> >
> > Thanks for your answer. I did check my accounts and one was not assinged
> to
> > no class. I did assign a class, but the Income Sheet is still empty.
> >
> > The accounts i used are as followed: i've added a translation of the
> german
> > account names.
> >
> > 1020 Bankguthaben CASH_EQUIVALENT MONEY bank balances
> >
>
> ok
>
> > 1100 Forderungen aus Lieferungen und Leistungen (Debitoren) CURRENT_ASSET
> > MONEY Trade accounts receivable(debitors)
>
> ok
>
> > 1101 Nicht zugeordnete Forderungen (Debitoren Hilfskonto) CURRENT_ASSETl
> > MONEY accounts receivable - unapplied payments
>
> ok
>
> >
> > 3200 Handelserlöse CASH_EQUIVALENT MONEY (income/proceeds for products)
>
> Please assign to the above the class: "Revenue"
>
> > 3400 Dienstleistungserlöse CASH_EQUIVALENT MONEY (income/proceeds for
> > services
>
> Also this one seems a "Revenue"
>
> >
> > Does this seem right?
> >
>
> Of course, double check with your accountant.
>
> Jacopo
>
> >
> > On 7 March 2014 12:04, Jacopo Cappellato
> > <[hidden email]>wrote:
> >
> >> Hi Adrian,
> >>
> >> On Mar 7, 2014, at 11:26 AM, Adrian Stern <[hidden email]> wrote:
> >>
> >>> Hi
> >>>
> >>> With my own CoA i've managed to get Accounting running. Invoices seem
> to
> >>> work as they should.. so far.
> >>>
> >>> But: My invoices/received payments won't show up in the Income
> Statement.
> >>> Why could that be?
> >>>
> >>> 1. Create Invoice for Digital Good
> >>> 2. Set invoice to ready
> >>> 3. Create payment as Customer Payment with the full amount of money
> >>> 4. Apply payment
> >>> 5. receive money and finish payment
> >>>
> >>> Trial Balance and Balance Sheet will be OK as in what't to be expected.
> >>
> >> Please check the "Account Class" you have set in these Gl Accounts: for
> >> example the "expense" account should have the "expense" class (or a
> >> children of it) in order to appear in the income statement; the income
> >> statement considers only the accounts with "expense" or "revenue" class;
> >> the balance sheet contains accounts with "asset", "liability" or
> "equity"
> >> class.
> >>
> >> I hope it helps,
> >>
> >> Jacopo
> >>
> >>> The Income Statement however is completely empty. Everything has avalue
> >> of
> >>> 0.00 and no accounts are displayed.
> >>>
> >>> Where can i configure the invoice statement?
> >>>
> >>> Regards,
> >>> Adrian
> >>
> >>
>
>