Hide Last Name Field from the 12 Month Income Statement

Aug 6th, 2022
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How to Hide Last Name Field from the 12 Month Income Statement

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The video tutorial discusses the "Standard Income 12 Period" report in Sage 50, which breaks down the current fiscal year by month (periods 1-12). The report lacks the option to select a date range, meaning it can only be run for the current period. Although you can change the current period to run for an open year, it won't work for a closed year. However, by saving the report under a new name, it can be converted into a custom financial statement, allowing for more flexibility in future analyses. Once saved, the report name will change and be accessible in the report list, enabling enhanced financial tracking.

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There are many different names for an income statement, including a profit and loss statement, PL, statement of earnings, or statement of operations.
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.
Fixed assets is not associated with the statement of profit and loss. Q. The is not associated with the statement of profit and loss.
The balance sheet (sometimes also known as a statement of financial position) The income statement (which may include the statement of retained earnings or it may be included as a separate statement)
The income statement is also known as a profit and loss statement, statement of operation, statement of financial result or income, or earnings statement.
The income statement, also called the profit and loss statement, is used to calculate profits by comparing revenue to expenses. It compares your income to your expenses and shows you the amount of profit or loss over a specified amount of time.
The correct option is (d) Dividends Expense. A dividend is provided out of the earnings to their investors or stockholders. The dividend has no influence over the income statement. Dividends are not treated as an expense in a company but as a direct

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