How to generate an income statement

• Choose with which structure you would like to report. You can choose between Budget Categories or Incomes & Expenses

• Budget Categories:  This income statement will display all income and expenses per budget category.  This means if the Budget Category amounts add up to a loss it will print as an expense.  If the amounts per Budget Category add up to a profit it will print as an income regardless of the account type.  Therefore this will mean that an income account can print as an expense account.
  
• Income and Expenses:  The income print on top and the expenses at the bottom.

• Choose the period in which the report must run.
  
• Choose what income to report on.
  

1. Invoices issued reports on all the billing that has automatically taken place for the given period.
   
2. Cash received does not take the total billing into consideration but rather all physical cash, card and eft payments. It also includes debtor journals

• Choose whether to show account detail.
  
• Choose under which account projects are included.
  
• Choose whether to include projects that close to balance sheet accounts.
  
• Choose whether to show project detail.
  
• Choose whether to show accounts/projects with a 0 balance.
  
• Choose whether to show the budget.
  
• Choose what budget percentages to show.
  
• Select the budget items on the left-hand side and click on the double arrows to the right to allocate them. You can also change the order with "Up" and "Down".
  
• Click on "preview"   to show the report. The report will be generated as a .pdf document. You will need Adobe Acrobat Reader to view this document.