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This video tutorial demonstrates how to design a profit and loss statement and balance sheet using Microsoft Dynamics NAV 2016. The profit and loss report represents the income statement during a specified period, while the balance sheet report summarizes the financial balances of assets, liabilities, and equity. Basic understanding of financial accounts module and chart of accounts in Microsoft Dynamics is required. To create a profit and loss statement, create a new account schedule type, enter the profit and loss details, and edit as needed.
