[GNC] Why duplicate reports in 3.2?

[Adrien Monteleone]

If I had a vote, I’d say keep one and just delete the other entirely. Even a ’see also’ is just clutter.

As to which name to keep, the easiest and likely most discoverable is “Income Statement”.

Alternatively, and this would require a RFE, would be to have it named according to the Chart of Accounts created by the First Start Wizard, e.g.—non-profit orgs I believe use “Statement of Financial Performance” and a publicly traded for-profit is more likely to use “Earnings Statement”, though this is likely going to be complicated by locale due to jurisdictional requirements. Perhaps prompting the user for a desired name would work best here, with a sane default like “Income Statement.”

Overall, I think the report menu needs some cleanup and re-organization, the Income/P&L issue is definitely some low hanging fruit.

Regards,
Adrien

p.s. — adjusting for inflation from the days of real dollars and cents, your 2¢ is probably more like $1. (or more accurately, 1 bank note with the words “ONE DOLLAR” printed on it)

> On Jul 11, 2018, at 7:26 PM, Rich Shepard <rshepard at appl-ecosys.com> wrote:
> 
> On Thu, 12 Jul 2018, Maf. King wrote:
> 
>> AFAIK, it is just historical. GC shipped with a report called "P&L" but
>> some people said "That's an income Statement", so it was renamed. Then
>> there were howls of "Where's the P&L report gone" so the same report was
>> put back in but with 2 names..... yes, they should be identical output.
>> 
>> (Of course, it may be that the Income Statement was the original name, and
>> P&L was the rename. Truly can't remember, it was years ago)
> 
> Maf.,
> 
>  Wikipedia provides a nice definition:
> 
> "An income statement or profit and loss account (also referred to as a
> profit and loss statement (P&L), statement of profit or loss, revenue
> statement, statement of financial performance, earnings statement, operating
> statement, or statement of operations) is one of the financial statements of
> a company and shows the company’s revenues and expenses during a particular
> period. It indicates how the revenues (money received from the sale of
> products and services before expenses are taken out, also known as the “top
> line”) are transformed into the net income (the result after all revenues
> and expenses have been accounted for, also known as “net profit” or the
> “bottom line”). The purpose of the income statement is to show managers and
> investors whether the company made or lost money during the period being
> reported."
> 
>  Perhaps the Report menu could be re-worded so that Profit & Loss entry
> reads, "See Income Statement." Just my $0.10 (adjusting for inflation.)
> 
> Thanks for your explanation,
> 
> Rich
> 
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