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