Income Statement (GL293)

Run Income Statement (GL293) after posting journal entries to create an income statement report for a company or company group 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 general 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 3 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.