Income Statement Report
Income Statement Report
AccountingSuite’s Income Statement Report is designed with Accounting standards in mind. The report shows how income and expenses are incurred (both operating and non-operating) over a given time period. AccountingSuite includes reports for both cash basis and accrual accounting may be run with or without transaction detail.
To create an Income Statement:
- Navigate to Reports → Accounting → Income Statement (cash basis) or Income Statement (accrual basis)
- Choose an Option from the drop-down. Total will return one column with a total for the given time period. If the time period is spans years, choosing Years will subtotal each year with a total column at the end. Quarters breaks down the numbers in 3 month spans. The report may also be broken down by Weeks or Days as well as Customers or Vendors.
- Choose a time period from the drop-down menu or enter custom dates in the From and To fields.
- Click Run Report.
The sample shown below was run with the Total option chosen and the period of Last Year.
Income Statement Report
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