Ledger Income Statement (ML293)

Run Ledger Income Statement (ML293) after posting journal entries to create an income statement report for a company or company section for a specific period. The report uses Chart Section 2 (income statement) accounts and creates headings and totals based on the chart of accounts setup. You can create a consolidated income statement for specific levels or accounting units or for an entire ledger company.

Use this report to view the net profit or loss for a period. Control the level of detail included on the report by choosing a chart depth that includes summarized information or by summarizing subaccounts with the same detail line on one line on the report.

This program creates three separate reports if you select All in the Report Currency field to list posted journal entry information for the Base, Report 1, and Report 2 currencies.