You are here: Main Menu > 7. Ledger Menu > A. Financial Reports > 2. Income Statement

Income Statement

The income statement is one of the principal financial statements of your company. It shows the profitability of a company for a specified accounting period in terms of revenue and expenses.

If you use cost centers to keep track of different parts or divisions of your company's operations, income statements can also be printed to show the financial status of specific costs centers.

The system allows you to print income statement reports in a standard Net•Yield format (NET YIELD), or produce your own custom formats.

Available Actions

Using

Printing

Income Statement Fields

Cost Center	Select the cost center(s) you would like to include in the income statement.
Period	Enter the accounting period for the income statement.
Collapse Cost Centers	Select Y (Y=yes), to have the cost centers totaled for each account listed on the income statement. If the field is set to N (N=no), all cost centers will print in detail.
Sum by Cost Center	Select Y (Y=yes) to have the income statement show a summary by cost center. You may only set this field to yes if you have previously defined a custom format.

Security Required : Ledger - Ledger Reports