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Remove Amount Field from the 12 Month Income Statement

Remove Amount Field from the 12 Month Income Statement

Aug 6th, 2022

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How to Remove Amount Field from the 12 Month Income Statement

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The standard income 12 period report in Sage 50 is a valuable tool that allows users to view their current fiscal year’s performance broken down by month. However, it only displays data for the current period without the option to select a specific date range or run reports for closed years. To enable this functionality, you can create a custom financial statement by clicking the save button while viewing the report and naming it (e.g., "my income 12 period"). This change allows the report to appear in the list of custom reports, providing more flexibility in financial analysis.

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 item would not be 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.

How do you break down an income statement?

Your income statement follows a linear path, from top line to bottom line. Think of the top line as a rough draft of the money youve madeyour total revenue, before taking into account any expensesand your bottom line as a final draftthe profit you earned after taking account of all expenses.

How do you find the missing amount of income statement?

Review each and every asset account, liability account and owners equity account posted in the balance sheet. The difference between the total assets and total liabilities plus owners equity will be the missing figure.

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.

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