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Hide Data from the 12 Month Income Statement

Hide Data from the 12 Month Income Statement

Aug 6th, 2022

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How to Hide Data from the 12 Month Income Statement

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The "Standard Income 12 Period" report in Sage 50 presents a breakdown of the current fiscal year by month, ranging from period 1 to period 12. However, the report's options do not allow users to select a date range, and it can only be run for the current period. Users can change their current period to a previous open year to run the report for that year, but closed years are inaccessible. To enable functionality for other periods, users can save the report under a new name, creating a custom financial statement. By doing this, users can see the report listed with the new name, allowing for greater flexibility in reviewing financial data.

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.

Does an income statement show over a period of time?

An income statement shows a companys revenues, expenses and profitability over a period of time. It is also sometimes called a profit-and-loss (PL) statement or an earnings statement. It shows your: revenue from selling products or services.

Does an income statement show investments?

Businesses often have income from investments. On the income statements of publicly traded companies, an item called investment income or losses is commonly listed.

What item does not appear on an income statement?

Unearned fees and prepaid expenses are not classified as costs of the period, and therefore, do not appear in the income statement. The net loss appears in the income statement and it shows the amount by which the companys costs exceed its revenues.

What financial statements do not show?

Financial Statements Have No Predictive Value The information in a set of financial statements provides information about either historical results or the financial status of a business as of a specific date. The statements do not necessarily provide any value in predicting what will happen in the future.

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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