What is an income statement and how to make one

income statement  An income statement begins with money that you have earned from selling something There are several different names given to the money you make selling To see the Income Statement Detail report: Go to Reports > Financial > Income Statement > Detail A message appears indicating that your report is loading The

Income statement An income statement is a financial report that shows how much your business has spent and earned over a specified time It also The income statement is designed to start with revenue, then deduct expenses until you are left with net income

An income statement, also known as a profit and loss statement, is a financial statement that shows a company's revenues and expenses over a The purpose of income statements is to show the profitability of your business That way, you can avoid spending more than you can afford Use