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Income Statement - End of Year

The income statement calculates revenue and cost of goods sold less the expenses. A positive number is a profit and a negative number is a loss.

Post all items to the general ledger before you generate the income statement.

Take the following steps to print the income statement:

1. Click Reports on the menu bar.
2. Click Standard Reports to open the Standard Reports window.
3. Click the Financial tab.
4. Click the Format subtab and click to highlight the Income Statement.
5. Click the Filter subtab and select the filters that you want.
6. Click the Options subtab and select the options that you want.
7. Click Preview to view the report or click Print to print the report.