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Delete Surname Field to the 12 Month Income Statement

Delete Surname Field to the 12 Month Income Statement

Aug 6th, 2022

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How to Delete Surname Field to the 12 Month Income Statement

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The standard financial statements in Sage 50 include a report called "Standard Income 12 Period," which provides a monthly breakdown of the current fiscal year from period 1 to 12. However, the report lacks the option to select a date range, limiting the report to the current period only. To run the report for previous fiscal years, users can create a custom version of the report. This is done by clicking the save button while viewing the report and renaming it, such as "My Income 12 Period." This action changes the report name and adds it to the list of available reports, thereby enabling enhanced functionality for financial analysis.

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.

Which item would not be found on an income statement?

Answer and Explanation: (b) Dividends would not be found on an income statement. An income statement shows all the revenues and expenses of a company for a period of time, typically for a year.

What account title belongs to income statement?

A few of the many income statement accounts used in a business include Sales, Sales Returns and Allowances, Service Revenues, Cost of Goods Sold, Salaries Expense, Wages Expense, Fringe Benefits Expense, Rent Expense, Utilities Expense, Advertising Expense, Automobile Expense, Depreciation Expense, Interest Expense,

What is the last item on income statement?

5. Net profit: Your companys net profit (also called net sales or net earnings) is the gross profit minus expenses, and is the final line on your income statement.

How do you fill out a monthly income statement?

Steps to Prepare an Income Statement Choose Your Reporting Period. Your reporting period is the specific timeframe the income statement covers. Calculate Total Revenue. Calculate Cost of Goods Sold (COGS) Calculate Gross Profit. Calculate Operating Expenses. Calculate Income. Calculate Interest and Taxes. Calculate Net Income.

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