Yearly Income Statement

Top  Previous  Next

The Yearly Income Statement is accessed from the Reports Window, General Ledger, Financial Statements, Income Statements folder.

 

It is designed to display the profit and loss for a particular Year.

 

It will show your Sales, COGS, Operating Expenses, and Other Income and Expense Accounts. The Gross Profit and Net Income will calculate.

 

yearly income statement

 

The report can be printed for a particular Year.

 

There are multiple formats: Year;  Year, Budgets and Variances; Year, Prior Year, Budgets and Variances; and Comparative.

 

Show Time stamp prints the actual Time that the report was generated.

 

You can choose to Suppress Zero Accounts and Pick a Layout to review.