Income statement
Use the Income statement in Menu > Reports to review posting income, expenses, and net income for a selected period. Net income is total income minus total expenses, and the report excludes balance-sheet accounts, draft and other non-posting transactions, and activity outside the period.
Run the report
- Open Menu > Reports. In Search by report or description, enter the report name and press Enter.
- Select Income statement.
- Select Change date range, choose the reporting period and comparison, and apply the change.
- Optionally filter by Account or Account type.
- Review income, expenses, and net income. Select an amount to open income statement detail.
- To download the report, select More actions > Export as PDF or Export as Excel (.xlsx).
How the report is calculated
The report sums posting general ledger impact for income and expense accounts within the selected period. Revenue and expense account groups determine operating and non-operating income. Net income is total income minus total expenses. Balance sheet accounts, draft and other non-posting transactions, and activity outside the selected period are excluded.
Column definitions
The following table defines each column on the income statement:
| Column | Description |
|---|---|
| Date range amount | The value of each income statement account in the specified date range. Selecting the amount takes you to the corresponding income statement detail report. |
| Comparative date range amount | The value of each income statement account in the comparative date range. Selecting the amount takes you to the corresponding income statement detail report. |
| Change | The difference between the date range amount and the comparative date range amount. |
| % change | The change divided by the absolute value of the comparative date-range amount, multiplied by 100. When the comparative amount is zero, the report displays zero percent. |