The Statement of Income and Retained Earnings shows income and expense activity for a specified period of time, as well as retained earnings information. To receive accurate results, you must run this report either for just one month or from the beginning of the year up through the current date.
Note: Prior period entries and adjustments to the retained earnings account display on this report as a single beginning retained earnings balance. If you adjust (change) the retained earnings beginning balance for a prior closed fiscal year, then the ending retained earning balance from the prior year closed will not equal the beginning balance in the current year statement.
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.
- 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.