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P&L calculation options are available when you have enabled the configuration flag CFGShowPNLCalcOptions. By selecting these options, you can modify certain areas of the P&L calculation, typically using a prorata calculation or a more specific calculation for certain values.

With the Modify P&L Calculation Options Module Right selected under Financials Actions in Security, you can toggle the P&L calculation options on the Monthly Accruals, Voyage Period Journals, and Voyage P&L Summary Report forms. Without it, you can only use these forms with the P&L Options as set by the configuration flags beginning with CFGDefaultPnlCalc.

Option Descriptions

Each of the following options has one or more possible configurations; for more information, see Related Configuration Flags on this page. These flags can be used to set the default states of the check boxes.

If no P&L calculation options are changed from their defaults, all P&L items will be calculated according to config flag settings. Off Hire will be included in voyage duration and thus reflected in the Portion %.

Option	Description
Apply TC Hire to Period	TC Out Hire will not be prorated; instead, TC Out Hire will be calculated based on hire rate and actual voyage days in the period. CVE and commissions will be applied only to the period in which they occur. In Monthly Accruals, TC Commission will be applied to period when set as a percentage of the Hire in the contract.
Apply Additional Hire to Period	For Time Charter voyages, 100% of an XHIRE (additional hire) amount is allocated to period based on TCIP (Time Charter In Payment) or TCOB (Time Charter Out Bill) Invoice Date.
Apply Off Hire/Waiting to Period	Off Hire will be allocated to the actual period, that is, full deduction of Off Hire in the period when the Off Hire occurred.
Apply Ballast Bonus to Period	Ballast Bonus and Ballast Bonus Commission for TCI and TCO will be allocated to the period of voyage commencement. The P&L Period Range will begin before the voyage commences.
Apply TC Bunker Adjustment to Period	For Time Charter voyages, 100% of a Bunker Adjustment amount is allocated to period based on operations ETA for delivery (TCO) or redelivery (TCI). For Time Charter Out Voyages, if the TCO Contract is set to Bunkers on Consumption, the Bunker Adjustment will be allocated to the period containing the departure from the Z port.
Apply TC Expenses to Period	For TCIP and TCOB INTHC (Intermediate Hold Cleaning), ILOHC (In Lieu of Hold Cleaning), and VOYEX (Voyage Expenses), 100% of the line item amount is allocated to period based on the Invoice Date of the invoice in which it is included. Items included on incremental invoices will still be allocated based on their original invoice's date.
Apply Bunker Consumption to Period	Bunker expense will not be prorated, but calculated based on actual consumed amount in the period.
Apply Other Revenues/Expenses to Period	For invoice types VEXP (Voyage Other Expense, Lumpsum) and VREV (Voyage Other Revenue, Lumpsum), 100% of the invoice amount, including linked non-freight rebills, is allocated to period based on a specific date, determined by configuration.
Apply Port Expenses to Period	100% of a Port Expense amount, including linked non-freight rebills, is allocated to period based on a specific date, determined by configuration.
Apply Demurrage to Period	When this option appears on a form, its effect depends on the values of CFGDefaultPnlCalcApplyDemurrage and CFGDefaultPnlCalcAdjustForDemurrageDays; for more information, see Related Config Flags on this page and Compliance with IFRS 15 and 16 Regulations. When CFGLaytimeEnablePeriodAllocation is enabled, you can view demurrage period allocation details on the Period Allocation form.
Adjust Portion for Off Hire	Off hire time is considered when determining the percentage. For example, if you have a 2-month voyage, and it is off hire for the entire first month, the voyage will be considered 0% complete after the first month and 100% after the second month. If the check box is cleared, the system will consider the voyage 50% complete after the first month and 100% complete after the second month.
Adjust Portion for Waiting Time	Waiting Time is considered when determining the percentage. For example, if you have a 2-month voyage, and it is waiting for the entire first month, the voyage will be considered 0% complete after the first month and 100% after the second month. If the check box is cleared, the system will consider the voyage 50% complete after the first month and 100% complete after the second month.
Adjust Portion for Ballast Days	Load-to-discharge or delivery-to-redelivery is used as P&L recognition basis when the check box is selected, otherwise the full voyage duration is used as the basis. Voyage revenues and expenses will be allocated within the L/D period (for voyage charters) or Y/Z period (for TC Out voyages). Note that this does not have any impact on revenues/expenses that are applied to period; these will still be allocated to the period in which they were incurred. The change impacts any revenues and expenses that are prorated only. For more information, see Compliance with IFRS 15 and 16 Regulations.
Reconcile Bunker ROB for Current Voyages	Accrual includes ROB rows up until the accrual period with new bill codes of the format ROB_FuelType in current voyages. The accrual basis is based on the ROB from the most current Activity Report in the accrual period, rather than based on bunker planning estimation. For consecutive voyages, when no commenced voyage exists for the vessel, the most recently completed voyage is considered current. For non-consecutive voyages, all (except closed voyages) are considered as current. When running the Monthly Accruals for a TCTO with this option selected, only the net ROB (ROB minus the TCO delivery quantity) will be displayed.
Exclude Running Costs for Long Term TCI/OV	There will be no accrual for Running Cost on OV vessels and vessels on Long Term TCI contract. A prerequisite for this functionality is that CFGShowRunningCost is set to Y. This feature does not apply when configuration flag CFGVoyaccAccrualType is set to Act.
Exclude Hire Related Items for Long Term TCO	For long-term Time Charter Out contracts, this option excludes hire-related items, such as Hire, Off Hire, CVE, Hire Commissions, Off Hire Commissions, and Off Hire CVE, from P&L calculations.
Accrue Linked Trades Upon Settlement	Only settled periods of trades linked to the Voyage P&L will be included in Monthly Accruals; exposed periods will be excluded.
Apply Internal Freight Revenue to Period	When selected, freight revenue with an internal counterparty on the voyage, excluding demurrage, will be 100% allocated to the period based on the BL Date for the contract. Demurrage will still be allocated according to the Apply Demurrage to Period option. When Adjust Portion for Ballast Days is also selected, its setting will take precedence.
Accruals for Closed Voyages	Run accruals for closed voyages. This is meant to be run as a catch-all for any invariances for voyages that may have been wrongly closed prior to financial closure of the voyage.

Option Availability

These options are available in several areas where P&L calculation is performed, but may not be valid in all areas. This table shows where the check box will have effect if used.

Table Legend

✓ = Option is applied to calculation/report

X = Option is not applied to calculation/report

Option	Period-Based Voyage P&L	Monthly Accruals	Voyage Period Journals	Voyage P&L Summary Report	Voyage P&L Drilldown Dataset (Report Editor)	Voyage P&L Summary Dataset (Report Editor)
Apply TC Hire to Period	✓	✓	✓	✓	✓	✓
Apply Additional Hire to Period	✓	✓	✓	✓	X	X
Apply Off Hire/Waiting to Period	✓	✓	✓	✓	✓	✓
Apply Ballast Bonus to Period	✓	✓	✓	✓	✓	✓
Apply TC Bunker Adjustment to Period	✓	✓	✓	✓	X	X
Apply TC Expenses to Period	✓	✓	X	✓	X	X
Apply Bunker Consumption to Period	✓	✓	✓	✓	X	✓
Apply Other Revenues/Expenses to Period	✓	✓	X	✓	X	X
Apply Port Expenses to Period	✓	✓	X	✓	X	X
Apply Demurrage to Period	✓	✓	X	✓	X	X
Adjust Portion for Off Hire	✓	✓	✓	✓	✓	✓
Adjust Portion for Waiting Time	✓	✓	✓	✓	✓	✓
Adjust Portion for Ballast Days	✓	✓	✓	✓	X	X
Reconcile Bunker ROB for Current Voyages	✓	✓	X	✓	X	X
Exclude Running Costs for Long Term TCI/OV	✓	✓	✓	✓	✓	✓
Exclude Hire Related Items for Long Term TCO	✓	✓	X	✓	X	X
Accrue Linked Trades Upon Settlement	✓	✓	X	✓	X	X
Apply Internal Freight Revenue to Period	✓	✓	X	✓	X	X
Accruals for Closed Voyages	✓	✓	X	X	X	X

Related Configuration Flags

Name/Flag	Description
Show P&L Calc Options CFGShowPNLCalcOptions	Enables P&L calculation options on various forms and reports.
Default P&L Calc Apply TC Hire CFGDefaultPnlCalcApplyTCHire	Setting this value determines the behavior of Apply TC Hire to Period P&L calculation option. There are three possible values: PRORATE: Clears the check box by default; TC Hire, additional hire items, CVE, and Hire Commissions are prorated based on voyage prorating logic: Voyage Days in Period / Total Voyage Days. If the check box is selected, the calculation logic for EXCLUDEXHIRE is applied. EXCLUDEXHIRE: Selects the check box by default; TC Hire, CVE, and Hire Commissions are applied to period based on the period from and to dates. XHIRE items continue to be prorated. INCLUDEXHIRE: Selects the check box by default; TC Hire, CVE, Hire Commissions, and additional hire items are applied to period. Period items are allocated based on the period dates, and additional hire items are allocated based on Invoice Date.
Default P&L Calc Adjust for Off Hire CFGDefaultPnlCalcAdjustForOffHire	Selects the Adjust Portion for Off Hire option by default on all forms that include P&L calculation options. The option will apply when running P&L reports in the Report Designer using Voyage P&L table (except for records with Snapshot Type accrual). The option will not affect Voyage P&L related reports in the Report Editor (Legacy).
Default P&L Calc Apply Off Hire CFGDefaultPnlCalcApplyOffHire	Selects the Apply Off Hire/Waiting to Period option by default on all forms that include P&L calculation options. The option will apply when running P&L reports in the Report Designer using Voyage P&L table (except for records with Snapshot Type accrual). The option will not affect Voyage P&L related reports in the Report Editor (Legacy).
Default P&L Calc Adjust for Waiting CFGDefaultPnlCalcAdjustForWaiting	Selects the Adjust Portion for Waiting Time option by default on all forms that include P&L calculation options. The option will apply when running P&L reports in the Report Designer using Voyage P&L table (except for records with Snapshot Type accrual). The option will not affect Voyage P&L related reports in the Report Editor (Legacy).
Default P&L Calc Apply Ballast Bonus CFGDefaultPnlCalcApplyBallastBonus	Selects the Apply Ballast Bonus to Period option by default on all forms that include P&L calculation options. The option will apply when running P&L reports in the Report Designer using Voyage P&L table (except for records with Snapshot Type accrual). The option will not affect Voyage P&L related reports in the Report Editor (Legacy).
Default P&L Calc Reconcile Bunkers CFGDefaultPnlCalcReconcileBunkers	Selects the Reconcile Bunker ROB for Current Voyages option by default on all forms that include P&L calculation options. The option will apply when running P&L reports in the Report Designer using Voyage P&L table (except for records with Snapshot Type accrual). The option will not affect Voyage P&L related reports in the Report Editor (Legacy).
Default P&L Calc Apply TC Bunker Adjustment CFGDefaultPnlCalcApplyTCBnkAdj	Setting this value determines the behavior of Apply TC Bunker Adjustment to Period P&L calculation option. There are two possible values: N (default): Clears the check box by default; TC Bunker Adjustments are prorated based on voyage prorating logic: Voyage Days in Period / Total Voyage Days. If the check box is selected, the calculation logic for Y is applied. Y: Selects the check box by default; any TC Bunker Adjustments are applied to the correct period based on the operations ETA of delivery (TCO) or redelivery (TCI). For Time Charter Out voyages, if the TCO contract is set to Bunkers on Consumption, the Bunker Adjustment will be allocated to the period containing the departure from the Z port.
Default P&L Calc Exclude Running Costs CFGDefaultPnlCalcExcludeRunningCosts	Selects the Exclude Running Costs for Long Term TC/OV option by default on all forms that include P&L calculation options. The option will apply when running P&L reports in the Report Designer using Voyage P&L table (except for records with Snapshot Type accrual). The option will not affect Voyage P&L related reports in the Report Editor (Legacy).
Show Running Cost CFGShowRunningCost	When enabled, forces the Voyage Manager P&L to break out the daily costs or the TC Hire in a section called Running Cost, separate from the expenses. For an Own voyage, the daily expenses will appear. For a TCI or TCO voyage, the Hire will appear.
Voyacc Accrual Type CFGVoyaccAccrualType	Enables an option to control the type of accrual items using Business Rules. There are five possible values: Ops (default): No change in behavior for accruals; the items generated are set as configured in the Business Rules. Act: New Business Rules are used for accruals. The items are grouped per their corresponding P&L accounts in the Business Rules (Accruals by Account). These are generated automatically upon opening the Business Rules form. ActCounterparty: Same as Act, but the accruals are also itemized per vendor. ActCounterpartyPort: Port expenses will be accrued on a separate line-item for each port and each counterparty, and all other items will be accrue per account and counterparty. ActPort: Port expenses will be accrued on a separate line-item for each port and all other items will be accrued per account. When set to a nondefault value, CFGVoyaccAccrualType adds a check box column to the Bill Viewer; to exclude a Bill Viewer row from Monthly Accruals, clear its check box.
Default P&L Calc Apply TC Expense CFGDefaultPnlCalcApplyTCExp	Setting this value determines the behavior of the Apply TC Expenses to Period P&L calculation option. There are two possible values: N (default): Clears the check box by default; TCI and TCO Voyage Expenses, Hold Cleaning, and ILOHC items are prorated based on voyage prorating logic: Voyage Days in Period / Total Voyage Days. If the check box is selected, the calculation logic for Y is applied. Y: Selects the check box by default; 100% of TCI and TCO Voyage Expenses, Hold Cleaning, and ILOHC items is applied to P&L reporting period based on Invoice Date.
Default P&L Calc Accrue Linked Trades on Settlement CFGDefaultPnlCalcAccrueLinkedTradesOnSettlement	Selects the Accrue Linked Trades Upon Settlement option by default on all forms that include P&L calculation options.
Default P&L Calc Apply Bunker Consumption CFGDefaultPnlCalcApplyBunkerCons	Selects the Apply Bunker Consumption to Period option by default on all forms that include P&L calculation options. The option will apply when running P&L reports in the Report Designer using Voyage P&L table (except for records with Snapshot Type accrual). The option will not affect Voyage P&L related reports in the Report Editor (Legacy).
Default Apply Other Rev Expense CFGDefaultApplyOtherRevExp	Note: This flag should not be used if CFGAllocTCOMiscRevExpToPeriod is enabled. If the existing flag is already enabled, it will take precedence and setting CFGDefaultApplyOtherRevExp will have no effect. Disable CFGAllocTCOMiscRevExpToPeriod in order to use CFGDefaultApplyOtherRevExp. Setting this value determines the behavior of the Apply Other Revenues/Expenses to Period P&L calculation option. There are four possible values: PRORATE (default): Clears the check box by default; Lumpsum Other Revenues/Expenses are prorated based on voyage prorating logic: Voyage Days in Period / Total Voyage Days. If the check box is selected, the calculation logic for INVOICEDATE is applied. INVOICEDATE: Selects the check box by default; 100% of a Lumpsum Other Revenue/Expense amount is applied to P&L reporting period based on Invoice Date. TCOINVOICEDATE: Selects the check box by default; 100% of Lumpsum Other Revenue/Expense amounts is applied to P&L reporting period based on Invoice Date, only for TCO voyages. SERVICEDATE: Selects the check box by default; 100% of a Lumpsum Other Revenue/Expense amount is applied to P&L reporting period based on the service date of the Other Revenue/Expense invoice.
Default P&L Calc Apply Port Expenses CFGDefaultPnlCalcApplyPortExpenses	Setting this value determines the behavior of the Apply Port Expenses to Period P&L calculation option. There are three possible values: PRORATE (default): Clears the check box by default; Port Expenses are prorated based on voyage prorating logic: Voyage Days in Period / Total Voyage Days. If the check box is selected, the calculation logic for BYDAYS is applied. BYDAYS: Selects the check box by default; the amount of Port Expenses in the P&L reporting period is prorated. The prorata portion is calculated by the following logic: For each port call, Prorated Port Expense Amount = (# of Days at Port within Period / Total # of Days in Port in Voyage) x Port Expense Amount. FULL: Selects the check box by default; 100% of a Port Expense amount is applied to P&L reporting period.
Default P&L Calc Apply Additional TC Hire CFGDefaultPnlCalcApplyAdditionalTcHire	Setting this value determines the behavior of the Apply Additional Hire to Period P&L calculation option. There are two possible values: N (default): Clears the check box by default; TC additional hire items are prorated based on voyage prorating logic: Voyage Days in Period / Total Voyage Days. If the check box is selected, the calculation logic for Y is applied. Y: Selects the check box by default; 100% of an XHIRE amount is allocated to period based on TCIP or TCOB Invoice Date.
Default P&L Calc Exclude Long Term TCO Hire CFGDefaultPnlCalcExcludeLongTermTCOHire	When enabled, selects Exclude Hire Related Items for Long Term TCO by default on all forms that include P&L calculation options. The option will apply when running P&L reports in the Report Designer using Voyage P&L table (except for records with Snapshot Type accrual). The option will not affect Voyage P&L related reports in the Report Editor (Legacy).
Laytime Enable Period Allocation CFGLaytimeEnablePeriodAllocation	Enables the Period Allocation form.
Default P&L Calc Apply Demurrage CFGDefaultPnlCalcApplyDemurrage	When the Apply Demurrage to Period P&L calculation option appears on a form, its effect depends on the values of this flag and CFGDefaultPnlCalcAdjustForDemurrageDays. There are three possible values for CFGDefaultPnlCalcApplyDemurrage: PRORATE: Demurrage is prorated based on voyage proration logic: Voyage Days in Period / Total Voyage Days. The Apply Demurrage to Period check box is cleared by default; if the check box is selected, the calculation logic for BYDAYS is applied. FULL: The Apply Demurrage to Period check box is selected by default, and 100% of a demurrage amount is applied to the P&L reporting period. BYDAYS: The Apply Demurrage to Period check box is selected by default, the amount of demurrage in the P&L reporting period is prorated. The prorata portion is calculated by the following logic: For each port call, Prorated Demurrage Amount = (Number of Demurrage Port Days within Period / Total Number of Demurrage Port Days in Voyage) × Demurrage Amount.
Default P&L Calc Adjust for Demurrage Days CFGDefaultPnlCalcAdjustForDemurrageDays	When the Apply Demurrage to Period P&L calculation option appears on a form, its effect depends on the values of this flag and CFGDefaultPnlCalcApplyDemurrage. When enabled, CFGDefaultPnlCalcAdjustForDemurrageDays adjusts the portion percentage for other P&L items based on the demurrage days in the period.
Default P&L Calc Adjust for Ballast Days CFGDefaultPnlCalcAdjustForBallastDays	Selects the Adjust Portion for Ballast Days option by default on all forms that include P&L calculation options. The option will apply when running P&L reports in the Report Designer using Voyage P&L table (except for records with Snapshot Type accrual). The option will not affect Voyage P&L related reports in the Report Editor (Legacy).
Pool Use Default P&L Calc Options CFGPoolUseDefaultPnlCalcOptions	When enabled, the default P&L calculation options are used when calculating pool distributions.
Pool Calc Options Effective Date CFGPoolCalcOptionsEffectiveDate	When set, only voyages which complete on or after the date will use the default P&L calculation options (provided CFGPoolUseDefaultPnlCalcOptions is also enabled).
Apply Adjust Portion for Ballast Days on VC Voyages CFGApplyAdjustPortionForBallastDaysOnVCVoyages	When enabled and the check box Adjust Portion for Ballast Days is selected, the check box logic extends to voyage types RELT, SPOT, and VCOV.
Default P&L Calc Apply Internal Freight Revenue CFGDefaultPnlCalcApplyInternalFreightRevenue	When enabled, the check box for Apply Internal Freight Revenue to Period is selected on the Monthly Accruals form by default. This will apply 100% of freight revenue to the period of the BL Date.

IMOS On-Prem - P&L Calculation Options

Option Descriptions

Option Availability

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