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Hide Option Field from the 12 Month Income Statement

Hide Option Field from the 12 Month Income Statement

Aug 6th, 2022

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How to Hide Option Field from the 12 Month Income Statement

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In the tutorial on "Money in Excel," users learn to create an income statement using financial data from connected institutions. The video starts by highlighting the importance of setting up the Excel template for managing finances, which requires an Office 365 subscription. Viewers are guided to locate the "Money in Excel" option under the File tab and then New. While the focus is on the income statement rather than the balance sheet, the tutorial acknowledges that Money in Excel offers balance sheet functionalities, which will be explored in future sessions. The emphasis remains on efficiently utilizing the gathered financial data for income tracking.

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.

How do you show some profit and loss accounts but not others?

How can I exclude some income/expense accounts from my Profit and Loss report? In the left menu, click Reports. Under Business overview, select Profit and Loss. Tap Customize. Go to the Filter section, select Distribution Account. Choose an account that you wanted to display on your report. Click Run report.

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.

Which of the following items would you never see on a single-step income statement?

Gross profit would not appear on the single-step income statement. On a single-step income statement, there is only one measurement of income. This is net income.

Which of the following will not appear on the statement of income?

(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.

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