The Income Statement is a financial report that shows you the Company's profit or loss over the selected Accounting period.

Income Statement Interface

Navigation

Main Menu > Accounting > Income Statement > View

1. Data Filter - This allows you to select which period they wish to view. A date filter item, Fin Year (Months) displays the current financial year in 12 month periods.
2. Show - Up to 12 Periods can now be viewed side-by-side and a Total for all the periods is displayed.
3. Show all check box - By default only the Accounts with values are displayed, checking Show all will display all the Accounts.
4. Description - This column displays the account categories and names that make up the Income Statement.
5. Previous Year - This shows you the values for the same period, one year ago.
6. Selected Period - This shows you the values for the selected period.
7. Total - This shows you the difference between the Previous Year and the Selected Period in order to plot the growth of the business.
8. Variance - This shows the difference between the two periods as a percentage.
9. Graph - This graph shows you the changes in Nett Profit / Loss, Cost of Sales, Expenses in a visual format.