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Depreciable Assets Report now available

Depreciable Assets report now available to flowlog.net members. Please see the full post for further...



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Documentation -> Reports -> Income Statement

 

From Wikipedia: "An income statement or profit and loss account[1] (also referred to as a profit and loss statement (P&L), statement of profit or loss, revenue statement, statement of financial performance, earnings statement, operating statement, or statement of operations)[2] is one of the financial statements of a company and shows the company’s revenues and expenses during a particular period.[1] It indicates how the revenues (money received from the sale of products and services before expenses are taken out, also known as the “top line”) are transformed into the net income (the result after all revenues and expenses have been accounted for, also known as “net profit” or the “bottom line”). The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported. One important thing to remember about an income statement is that it represents a period of time (as does the cash flow statement). This contrasts with the balance sheet, which represents a single moment in time. "

By default, flowlog generates the income statement starting from the beginning of the fiscal year through the current date. You can enter any start and end date and flowlog will regenerate the report using those dates.