The first thing to do is to double check in your financial statement format that all the proper accounts are included in your fee and expense range and that the total in the net income variable is calculating properly.

The Orion income statement format does not “automatically” know which accounts you have added to the Chart of Accounts. Normally when financial statement formats are set up initially they are set up in such a way as to encompass the standard ranges for income accounts and expense accounts; however, you may find that you have added an account outside of this range and therefore you would have to edit the financial statement format.

The other reason that your calculation could be thrown off is if the type of the account was set up incorrectly in the first place – i.e.  If an expense account was set up with a Credit type instead of the “normal” balance type which would be a Debit.  In that case, the financial statement format would not know how to appropriately calculate and would apply the wrong sign to the resulting number and throw off your net income calculation.  Orion does not tag accounts as asset, liability, income, expense, or capital specifically. It is completely dependent upon how the “normal balance ” or account type is set up in the system. This will determine how accounts get closed out and how they work inside the financial statement formats.

You may run the Chart of Account listing to list out the accounts and the proper normal balance type.

Editing financial statement formats is considered a billable service by Orion. If you are unfamiliar with editing financial statements you should consult Orion prior to attempting and it is suggested you make a back up of the style before making any changes.