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General Ledger Income Statement Report



The Income statement is a report showing total revenues and expenses by account over a specified period of time such as a week, month, or year.  Revenues are credits (-) and expenses are debits (+) so that if the business makes a profit (revenues exceed expenses) the total earnings is a credit (-).  This total shows on the balance sheet as an earnings amount in an owners’ equity account meaning that the business owes that amount to the owners.  A P&L report can be thought of as a statement for a specific period of time showing how a profit or loss occurred.


You must enter a beginning and ending date for your income statement.   You can hide account numbers on your income statement by removing the check mark next the question if you want to print gl account numbers.  If you decide to print this an income statement for a specific department remove the check mark for include all departments and select a department for you income statement.


You can generate a income statement report based on accrual basis or cash basis.  Cash basis accounting refers to the fact that a transaction is recorded at the point of cash disbursement or receipt.  While accrual basis accounting is based on, the actual recognition of the transaction can happen before the cash is disbursed or receipt.

You can contact a sales rep for Retail Advantage POS Software by calling in the USA toll free at 1-888-785-0882 or for international callers please call us at 281-398-3770. Or email for for more information at sales@aknaf.com for additional information about Retail Advantage POS software.  


Support on Retail ADVANTAGE Point of Sale Software available 9 am - 5 pm CST Monday thru Friday Call us at 281-398-3770 Sales toll free at 888-785-0882 or e-mail us at support@aknaf.com

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Retail Advantage is a Point of Sale, Retail Management, and Inventory Control Software Program Designed by Aknaf Software Inc visit us at AKNAF Accounting Software Company Website Here


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