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Hide Calculations in the 12 Month Income Statement

Hide Calculations in the 12 Month Income Statement

Aug 6th, 2022

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How to Hide Calculations in the 12 Month Income Statement

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The Standard Income 12 Period report in Sage 50 is a useful financial report that displays monthly breakdowns for the current fiscal year, covering periods 1 to 12. However, there is a limitation: it does not allow users to select a date range, restricting reports to the current period only. To view reports for prior periods, users can change the current period to the beginning of an open year, but closed years cannot be accessed. To enable the functionality to run reports for different periods, users can save the report as a custom financial statement by clicking the save button and renaming it. This creates flexibility in accessing historical financial data.

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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 are the three things to keep in mind when looking at an income statement?

The income statement tells us for a given period how much revenue a company generated, what expenses it incurred in doing so, and what earnings it netted.

What are the 3 most important elements of a financial statement?

The balance sheet, income statement, and cash flow statement each offer unique details with information that is all interconnected. Together the three statements give a comprehensive portrayal of the companys operating activities.

What are the 3 things to keep in mind when looking at an income statement?

The income statement tells us for a given period how much revenue a company generated, what expenses it incurred in doing so, and what earnings it netted.

Does an income statement shows the total assets?

The income statement provides an overview of the financial performance of the company over a given period. It includes assets, liabilities and shareholders equity, further categorized to provide accurate information. It includes revenues, expenses, and gains and losses realized from the sale or disposal of assets.

How do you calculate missing information on an income statement?

If the income statement includes subtotals like Total expenses, for example, the easiest method is to use the subtotal number where our missing account is and subtract out the other accounts from that section. The answer to that subtraction problem is the value of the missing income statement account.

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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