Income Statement

This report is one of your two main financial statements. The income statement shows the financial progress of your company in detail. It is also called a profit and loss (P&L) statement.

Note: The percentage of gross profit in the expense section of this document is based on the total of all expenses. To see the percentage of gross profit based on the total gross profit (or loss), generate the Income Statement Summary.

To generate an income statement

1. Select Reports from the General Ledger menu. The Report List appears with the GL tab selected.

2. Select Income Statement and click Launch. The Report Options screen appears.

3. Type the fiscal year, number, and period whose information you want to retrieve.

Note: Unless you’ve changed your fiscal calendar, the fiscal number should always be 1.

4. To remove a site, department, or GL class from the income statement, double-click it. By default, all sites, departments, and GL classes are selected.

5. To roll up sales for a specific GL class, double-click the R column next to the class for which you want summary information only.

Note: The X indicates which GL classes are being rolled up.

6. Do one of the following:

To specify which information is displayed on the report, select one or more of the report-option check boxes.
To print the report using a memorized setting, click Open. When the Memorized Selections screen appears, click the appropriate setting and click Select. For more information, see Financial Statement Settings.

Note: To restore the report’s original settings, click Reset.

7. Click Print. The Report Window appears.

8. Print the report and close the Report Window.

9. Close the Report Options screen.