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Quick Start Guide - Income Statement
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| The Income statement presents your Income and Expenses over a certain period
of time. Generally this is reset at the beginning of a calendar year, so that a current Income statement will
reflect your Income and Expenses since the beginning of the year. To generate an income statement,
select 'Reports' , 'Income Statement' in the Accounting menu. A screen similar to the following will
be displayed: |
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In the 'From' or 'Period' fields at the top of the screen, select the reporting period. Selecting a month,
a year, and the Current button will generate the income statement for the current month up to today's
date. Under 'Compare to', select a comparison period if you like, and the generated report will contain a
period comparison.
Finally, select the Include In Report buttons to control the content of the report, then click 'Continue'
to get the report output to the screen. An example report is show below. |
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| Note that in the above example, the results for the two periods are equal because we have only entered
test information during the month of December. To print the report, Right click your mouse in the report,
and use the 'Print Dialog' to send the report to your printer |
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