Income Statement (Financial Statement)

The Income Statement shows income and expenses over a range of time, reflecting the difference as a profit (income greater than expenses) or a loss (income less than expenses).

Sage 50's Income Statement sums totals for the following:

In addition, there are columns for current month and year-to-date figures, as well as the percentage each account represents of each subtotal.

When you display or print a financial statement, Sage 50 displays the following options:

This field can also be used as a sub-filter for a financial statement that is already filtered. For instance, you may have a statement that filters for a single division yet includes several departments. You can use this field to further filter for a single department. Should you inadvertently set up filtering that eliminates all data, Sage 50 Premium Accounting (and higher) will display a message warning you of this situation.

Example_of_Using_Account_Segments