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:
- Total Revenues
- Total Cost of Sales
- Gross Profit
- Expenses
- Net Income (Income minus Expense)
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:
- Dates: You have the choice of a range of periods, current period, or current three periods. If you select a range, use the From and To list boxes.
- Account Segments: You can use the Account Segments fields to limit the totals that appear on your financial statement to particular departments, divisions, or whatever other segments you have set up. (Sage 50 Premium Accounting and higher) Each segment of your chart of accounts will appear and you can select a particular segment by using the drop-down lists. If you do not want to limit the totals on the report, simply leave the selections set to All.
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
- Print Page Numbers: Checking this will print page numbers on the top right corner of the page. Both the page number and the number of pages are indicated. For example, if you are looking at page 2 of a 13-page document, it will display on the report as "Page: 2 of 13."
- Show Zero Amounts: Select this check box to show accounts with zero amounts.
- Print All Words Capitalized: Select this check box if you want the report to print in all capital letters.
- Right Margin/Left Margin: Enter the size of the margins you want, in inches.
- Center on Page: Select this check box if you want each page of the report to be centered on the page instead of left justified when it is printed.
- Number of Copies: Enter the number of copies you want to print. You can enter any number from 1 to 99.