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Hide Option Field into the 12 Month Income Statement

Hide Option Field into the 12 Month Income Statement

Aug 6th, 2022

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How to Hide Option Field into the 12 Month Income Statement

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The "Standard Income 12 Period" report in Sage 50 is a useful tool that displays the current fiscal year broken down by month, ranging from period 1 to period 12. However, it lacks an option to run reports for a specific date range, limiting users to view only the current period. To work around this limitation, you can create a custom financial statement by clicking the save button while viewing the report and assigning it a new name, such as "My Income 12 Period." This allows you to access the report with the updated name in the report list. This method enables the report functionality for other periods within the financial statements.

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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 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 is the following is not found on an income statement?

Answer and Explanation: (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.

What appears in a year end income statement?

The income statement presents revenue, expenses, and net income. The components of the income statement include: revenue; cost of sales; sales, general, and administrative expenses; other operating expenses; non-operating income and expenses; gains and losses; non-recurring items; net income; and EPS.

What items are on a single-step income statement?

Single-Step Income Statements This straightforward document merely conveys a companys revenue, expenses, and bottom-line net income. All revenues and gains are totaled at the top of the statement, while all expenses and losses are totaled at the bottom.

What does not appear on a single-step income statement?

Put simply, a single-step income statement does not separate the expenses into categories like the cost of goods sold, operating expenses, non-operating expenses, or other expenses. A companys income statement will show the revenues, expenses, and profit or losses in a financial 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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