Income Statement TourThe two principal financial reports required by all companies are their Balance Sheet and Income Statement.
The Income Statement summarizes how your business did over a given period of time by subtracting your Expenses from your Revenue for that period. It is formatted automatically by the software to GAAP standards. The Income Statement may be printed at any time, for any period.
Start the General Ledger Manager.
Double click Income Statement or Income Statement (Consolidated)* under Reports at the bottom of the treeview, or
The Income Statement defaults to the current year - to change the active period, use the Start and End Date tools.
* Income (Consolidated) only appears on the Franchise and Enterprise Editions of the software and allows you to print a consolidated. When you create a consolidated financial report, the data is cached. That is, a copy of the data for all locations is store on the server and is updated automatically a couple of times per day. If you want to manually refresh the data then click the drop down on the create button and then click refresh.
Start Date: Use this tool to set the starting date for the Income period you want to see. When the Income Statement first opens it defaults to showing the current year.
End Date: Use this tool to set the ending date for the Income period you want to see.
Create - Use this tool to create the Income Statement after setting the Start and End Dates.
Print - Use the print tools to print or print preview the active Income Statement.
Export - Use this tool to export the active Income Statement to a file.
Close - To close the income statement dialog.
Division* - Choose all locations or a division to consolidate.
* Income (Consolidated) only appears on the Franchise and Enterprise Editions of the software and allows you to print a consolidated balance sheet for all locations or a specific division. When you create a consolidated financial report, the data is cached. That is, a copy of the data for all locations is store on the server and is updated automatically a couple of times per day. If you want to manually refresh the data then click the drop down on the create button and then click refresh.