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Hide Smart Field into the 12 Month Income Statement

Hide Smart Field into the 12 Month Income Statement

Aug 6th, 2022

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How to Hide Smart Field into the 12 Month Income Statement

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The standard income 12 period report in Sage 50 is a valuable tool that presents your fiscal year broken down by month, labeled as periods 1 through 12. However, it lacks the option to select a specific date range, limiting the report to the current period. Users have the option to revert to a prior period within their open years to run a report for that timeframe, but closed years can't be accessed. To enable broader functionality, simply click the save button while viewing the report and assign it a new name, thus creating a custom financial statement. This allows the report to be listed under custom reports for future reference and use.

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.

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 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.

Where do unusual items go on the income statement?

Unusual gains or losses may be recorded on the income statement as a separate component of income from continuing operations, or alternatively, may be identified in the footnotes to the financial statements or the management discussion and analysis (MDA) section of the annual report.

What are the three things to keep in mind when looking at an income statement?

The income statement tells us for a given period how much revenue a company generated, what expenses it incurred in doing so, and what earnings it netted.

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