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Hide Page to the 12 Month Income Statement

Hide Page to the 12 Month Income Statement

Aug 6th, 2022

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How to Hide Page to the 12 Month Income Statement

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The standard income 12 period report in Sage 50 provides a monthly breakdown of the current fiscal year, displaying periods 1 through 12. However, it lacks an option to choose a date range, limiting users to run it for the current period. You can change the current period to run it for a prior open year, but closed years are inaccessible. To enable this functionality, simply click the save button while viewing the report and rename it to create a custom financial statement, making it accessible in your list of reports under the new name.

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.

Which of the following is not part of an income statement?

The statement of financial position is NOT associated with the income statement. It is associated with the balance sheet.

What is displayed on an 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 does not appear in income statement?

The income statement focuses on four key items: sales revenues, expenses, gains and losses. It does not concern itself with cash or non-cash sales, or anything regarding cash flow.

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.

Does an income statement show about a company 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.

Which of the following would not appear on the 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.

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