Generally the way the income statement is structur...
# accounting
k
Generally the way the income statement is structure is each account is reflected once - you might have some accounts that you add back to calculate other values, or pieces that drop below the bottom line of net income - but you're still gonna have them as expense/income accounts.
l
I actually have the same concern. We need to post the Other Comprehensive Income/Loss (from Unrealized Forex Gains/Losses) to equity accounts (not income/expense) per accounting standards. Foreign Currency Variance Mapping feature only allows other income and other expense accounts. That's why we are just creating JEs to properly post the unrealized gains/losses (OCI/L) to equity accounts. Are you aware of how is this handled in NS? Thanks a lot!