Article ID: 6407

Income Statement - End of Year

The income statement calculates revenue and cost of goods sold less the expenses. A positive number is a profit and a negative number is a loss.

NOTE:

Post all items to the general ledger before you generate the income statement.

 

Take the following steps to print the income statement:

  1. Click Report on the menu bar and select Standard Reports to open the Standard Reports window.
  2. Click the Financial tab.
  3. Click the Format sub-tab.
  4. Click to highlight the Income Statement.
  5. Click the Filter sub-tab.
  6. Set any of the following filters that you want:
    • Date Range - Selects predefined date range or custom
    • From - Selects a specific date range when used with the custom date range
    • Department - Selects the department
    • Include Zero Balance Accounts - Includes Zero Balance Accounts
  7. Click the Options sub-tab.
  8. Click to check Show Account Numbers if you want to display account numbers on the report.
  9. Click Preview if you want to display the report or click Print if you want to print the report.
  10. Click File on the menu bar and select Exit to close the report if you preview the report.
  11. Click Close to close the Standard Reports window.