# Income Statement

Profit and loss from revenue through net income for a date range.

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Overview Filters Columns Actions

Overview

Go to Accounts → Financial Statements → Income Statement. Report title in ERP: Income statement

What it shows. Standard P&L sections: Revenues, Gross Profit, Expenses, Non Operating Income/Expense, Net Income Before Taxes, Income Tax, Net Income.

When to use it. Use for period performance review and to feed the balance sheet equity section.

How amounts are calculated. Revenue minus contra revenue, minus direct costs (COGS), minus operating expenses, plus non-operating items, minus tax. View Type Grouped or Expanded controls detail level.

Filters

Date range, View Type (View Type, Grouped, Expanded).

Output Columns

Two-column statement: section and account rows with amounts. Sections: Revenues, Total Revenues, Gross Profit, Expenses, Total Expense, Non Operating Income/Expense, Net Income Before Taxes, Less Income Tax Expense, Net Income.

Actions

FAQ

What period does P&L cover?
From/to date range on income and expense accounts.

Are credit notes in revenue?
Sale returns reduce revenue per report logic — match date filters to sales reports.

How is COGS shown?
May link to COGS Schedule for detail.

Why is expense missing?
Wrong date range, branch filter, or expense posted to balance-sheet account.

Can I run after closing entry?
Yes — closing entry resets temporary accounts; P&L for closed period is historical.