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Delete Date Field from the 12 Month Income Statement

Delete Date Field from the 12 Month Income Statement

Aug 6th, 2022

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How to Delete Date Field from the 12 Month Income Statement

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The standard income 12-period report in Sage 50 provides a monthly breakdown of the current fiscal year from periods 1 to 12. However, it lacks the option to select a specific date range, limiting users to only the current period. While users can change the current period to run reports for previous open years, they cannot generate reports for closed years. To enable this functionality, users can save the report with a new name while viewing it, effectively creating a custom financial statement. This allows for greater flexibility in managing and analyzing financial data. After saving, the custom report will appear in the report list for easier access.

Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What is the year to date on the income statement?

What is Year-to-Date? Year-to-date refers to the cumulative balance appearing in an income statement account for the current year, through the end of the most recent reporting period. Thus, for financial statements using the calendar year, the concept refers to the period between January 1 and the current date.

How do you format dates on an income statement?

The income statement covers the entire period, whether that is a month, a quarter or a year. Therefore, when completing the income statement, the date in the heading should be For the (month/quarter/year) ended (date).

What financial statement is for the period ended date on?

The balance sheet provides an overview of a companys assets, liabilities, and shareholders equity as a snapshot in time. The date at the top of the balance sheet tells you when the snapshot was taken, which is generally the end of the reporting period.

What is a 12 month income statement?

Trailing 12 months (TTM) is the term for the data from the past 12 consecutive months used for reporting financial figures. A companys trailing 12 months represents its financial performance for a 12-month period; it does not typically represent a fiscal-year ending period.

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