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Remove Phone Field to the 12 Month Income Statement

Remove Phone Field to the 12 Month Income Statement

Aug 6th, 2022

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How to Remove Phone Field to the 12 Month Income Statement

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The "Standard Income 12 Period" report in Sage 50 is a valuable tool that displays the current fiscal year broken down by month, from period 1 to period 12. However, users cannot directly choose a date range or run the report for closed years. To enable this functionality, one can create a custom financial statement by clicking the save button while viewing the report, renaming it (e.g., "My Income 12 Period"), which allows it to be saved and accessed from the report list.

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.

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 find missing information on an income statement?

If the income statement includes subtotals like Total expenses, for example, the easiest method is to use the subtotal number where our missing account is and subtract out the other accounts from that section. The answer to that subtraction problem is the value of the missing income statement account.

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 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 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.

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.

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