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Hide Selected Option from the 12 Month Income Statement

Hide Selected Option from the 12 Month Income Statement

Aug 6th, 2022

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How to Hide Selected Option from 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, from period 1 to period 12. However, users cannot select a specific date range to generate reports for closed years; they can only view reports for the current period or change the current period to an open year. To enable additional functionality, users can save the report with a new name, creating a custom financial statement. This allows for better organization and access to the modified report. Once saved, the custom report will appear in the list for easier reference.

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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 an example of discontinued operations?

Discontinued operations refer to any aspect of a businesss operations that are no longer required or profitable. Examples of discontinued operations could include: Closure of unprofitable division. Redundancy due to merger.

What item does not appear on an income statement?

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.

How do you present discontinued operations on an income statement?

In the period(s) that a discontinued operation is classified as held for sale and for all prior periods presented, the assets and liabilities of the discontinued operation shall be presented separately in the asset and liability sections, respectively, of the statement of financial position.

How do you show discontinued operations on an income statement?

Income and expenses related to discontinued operations can be found on line items on a companys income statement, below Continuing Operations Income and above Net Income.

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.

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.

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