Income Statement

The Income Statement is a management report that displays profit and loss information by organization.

View this report for any financial statement format needed and, for the current period only, you can drill through from a financial statement line item into transactional detail for the accounts that make up that line item. For example, you can drill from the Income Statement to the General Ledger Detail report.

Note: The Income Statement report retrieves data from a database table designed to provide a snapshot of results for a particular point in time, while the General Ledger Detail report retrieves data from a database table designed to provide real-time, up to the minute results. Because of this, when you drill through from the Income Statement to the General Ledger Detail report, some results may vary.

When you include the Prior Year YTD Amount column in the report and you see zero values, it may be because there is no adjustment period for the prior year. You may need this information when you want to compare the current year YTD with the prior year YTD amounts. You will have to fix this in Costpoint.