Printing an Income Statement

Once you have entered all of the required information needed to generate an income statement, command options will appear allowing you to print or choose from a set of other printing options.

The standard format displays columns with data for the Current Year (Current Period and YTD) and the Prior Year (Current Period and YTD). All columns are presented in dollars and percentages.

 The following prints on the Income Statement Report:

• Acct (Account) – The general ledger account number
• Cost Center – The cost center (F3 shows a menu of possible options)
• Account Description – The name of the general ledger account
• Current Period Dollars – The amount in this account for the current accounting period
• Current Period % – The percent of this account as compared with the total sales figure for the period
• Year to Date Dollars – The current amount in this account for the current year
• Year To Date % – The current percentage of this account expressed relative to the total sales year-to-date
• Total Sales – The total revenue from all revenue accounts (3000 - 3999 accounts)
• Total Production Costs – The total expense from all production expense accounts (4000 - 4999 accounts)
• Gross Margin – Total production costs subtracted from total sales
• Total Labor Costs – The total expense from all labor expense accounts (5000 - 5999 accounts)
• Total Operating Costs – The total expense from all operating expense accounts (6000 - 7999 accounts)
• Total Expenses – Total expenses (total production costs plus total labor costs plus total operating costs)
• Total Other Income – (8000 - 8999 accounts)
• Total Other Expenses – (9000 - 9999 accounts)
• Net Income – The total net income (total income minus total expenses).

For more information on the income statement option see Income Statement.

Security Required : Ledger - Ledger Reports