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in my last video I introduced myself to you and told you about my story that my name is Sally and I own Sallys necessities after some time running my business I wanted to get a better idea of my financial position and so I embarked on a journey of investigating and learning about Sage intelligence I showed you how I got started what information I used introduced you to the report manager and arranged the necessary reports to be able to view my financials this includes the income statement balance sheet and cash flow statement were now ready to begin working with them in this video Im going to focus on the income statement and start by telling you what it is why it is used and show you its General format basically an income statement measures how much money you make or lose over a certain period of time it does so by comparing your Revenue against the costs required to earn the revenue for that particular period if your revenue is greater than your expenses then you will have made a