Income Statement

Income Statement is the report that shows the Income, Expenses and Net Income of a company.

1. Income Statement filtered based on Outlet

To get the Profit and loss report filtered based on outlet for a company,

2. Income statement filtered based on a customer or a customer Job/Project

 3. Income statement filtered based on Group

A customer group is created from customer->Customer Group

Once the customer group is created, the same can be selected to generate income statement for the created customer group

4. Income statement for financial periods that are closed.

     When a particular financial period is closed, all the income expense entries of the year is reversed and would become zero. To view the Income statement report  of the financial period that is closed , this report has a filter option called "Show closing" which when set to NO  would show the income expense transactions of the closed financial period.