Income Statement Income StatementFrom the 'Transaction' menu, select "Income Statement" to make the Income statement of the company. From the sub menu choose :
Main : By using this option, income statement showing calculation of net profit can be created.
Alternate : By using this option, income statement showing calculation of gross profit and net profit both can be created.
The details filled in previous step i.e. income statement schedules will automatically be brought forward here. Details of the previous year and current year are entered and if the details entered do not match with the given standards, a pop up indicating the mistake will be displayed. Using the small icon near the text box, a footnote regarding the details filled in can be entered. The "Add Record" option can be used to add multiple information. By using the "Print" icon on the upper right corner of the screen, a print out of the information entered can be taken.
Click on "Save" to proceed further.