IdealWare Online Users Manual

GL5-07 G/L LISTINGS, REPORTS AND FORMS
28554 Income Statement Report

 

PURPOSE

 

The income statement report prints the balances for your income statement accounts. The format for this report is based on your section breaks and grouping codes. Customized income statement reports can also be created using the general ledger report generator program.

 

Income Statement is accessed from:

  • G/L Main menu.

 

PROCEDURE

 

When you select Income Statement from the G/L Main menu the following prompts display.

 

COMPANY OR DIVISION LEVEL REPORT ? (C/D):

 

"C" to print the company consolidated report.

 

You have the option to include all divisions within the company or a range of divisions. The following prompt displays.

 

 

** WHOLE COMPANY OR RANGE OF DIVISIONS ? (W/R): W

 

[Enter] to accept the default "W".

 

"W" for whole company.

 

"R" to specify a range of divisions.

 

You are prompted to select the desired range of divisions.

 

 

** ENTER STARTING DIVISION (CR FOR FIRST): __

 

Enter the first division code to include.

 

[Enter] for the first G/L division.

 

** ENTER ENDING DIVISION (CR FOR LAST): __

 

Enter the last division code to include.

 

[Enter] for the last G/L division.

 

"D" to print a divisional report.

 

This will print the report for a selected division. You are prompted to select the desired division.

 


ENTER DIVISION NUMBER (CR FOR ALL):

 

Enter a specific division.

 

[Enter] to include all divisions.

 

ENTER COMPARISON OPTION  (1 TO 7)

 

"1"    YEAR-TO-DATE COMPARED TO PRIOR YEAR

 

This option prints year-to-date and prior year-to-date data.

 

"2"    YEAR-TO-DATE COMPARED TO BUDGET

 

This option prints year-to-date and budgeted year-to-date data.

 

"3"    YEAR-TO-DATE ONLY

 

This option prints year-to-date data only.

 

"4"    MONTH COMPARED TO PRIOR YEAR

 

This option prints month and prior year's month data.

 

"5"    MONTH COMPARED TO BUDGET

 

This option prints month and budgeted month data.

 

"6"    MONTH ONLY

 

This option prints month data only.

 

"7"    MONTH COMPARED TO YEAR-TO-DATE

 

This option prints month and year-to-date data.

 

ENTER G/L PERIOD (MMYY)

 

Enter the month and year to report on.

 

THE DESCRIPTIVE DATE WILL BE 'AS AT JUNE 27, 2007'
** ENTER THE DESCRIPTIVE DATE DESIRED (CR IF THE ABOVE IS OK):

 

Enter a report description of up to 49 characters.

 

[Enter] to accept the default description.

 

PRINT ZERO BALANCES ? (Y/N)

 

"Y" to print accounts with zero balances.

 

"N" to not print accounts with zero balances.

 

** INCLUDE SUB-ACCOUNT DETAILS ? (Y/N): N

 

[Enter] to accept the default "N".

 

"N" to not include sub-account details.

 

"Y" to include sub-account details.


** NUMBER OF COPIES ? (CR=ONE): __

 

Enter the number of copies to print.

 

[Enter] to print one copy only.

 

** PRESS CR TO CONTINUE:

 

[Enter] to continue to the print selection screen.

 

[F4] to exit to menu.

 

PRINTER SELECTION & CONFIGURATION

┌────────────────────────────────────────────────────────────────────────────────┐
│08/14/07                *****  PRINTER SELECTION  *****                         │
│                                                                                â”‚
│                                                                                â”‚
│** MAKE SURE PRINTER IS READY BEFORE PRESSING CR .....                          â”‚
│                                                                                â”‚
│1. PRINTER NAME ................................. P1  OKIDATA 390               â”‚
│                                                                                â”‚
│2. CHARACTERS PER INCH ? (10,12,17) ............. 10                            â”‚
│   SINGLE OR DOUBLE DENSITY ? (S,D) ............. S   SINGLE DENSITY            â”‚
│                                                                                â”‚
│** PRESS CR TO SET PRINTER, OPTION# TO CHANGE, F4 TO END (BYPASS): _            â”‚
│                                                                                â”‚
└────────────────────────────────────────────────────────────────────────────────┘
** PRESS CR TO SET PRINTER, OPTION# TO CHANGE, F4 TO END (BYPASS):

 

"1" to change printers.

 

"2" to change the CPI and/or print density.

 

[Enter] to print.

 

[F4] to not print and exit to the menu.

 

[F5] to display a list of printers for selection.

 

An example Income Statement report printout follows.

  



                                                  IDEALWARE

                                   STATEMENT OF INCOME AND RETAINED EARNINGS
                                   FOR THE 10 MONTHS ENDED OCTOBER 31, 1995
                                                  ---------

                                                                    1994           1993
                                                                    ----           ----

          REVENUE              
             CHARGE SALES                                    $   2,848,770  $   2,589,838
             CASH SALES                                               -               (65)
             SALES DISCOUNTS                                       (37,716)       (31,050)
             COMMISSIONS                                           (14,876)       (11,239)
                                                                 ----------     ----------
             TOTAL REVENUE                                       2,796,178      2,547,485

          COST OF SALES
             COST OF SALES                                      (1,559,533)    (1,477,197)
             PURCHASES                                             (50,240)      (106,917)
                                                                 ----------     ----------         
          TOTAL COST OF SALES                                    1,609,773      1,584,114
                                                                 ----------     ----------
             GROSS PROFIT                                        1,186,405        963,371
                                                       
          EXPENSES
             VEHICLE OPERATING EXP                                 (75,345)       (55,301)
             PROFESSIONAL FEES                                     (49,911)       (41,221)
             ADVERTISING                                           (26,539)       (16,408)
             OFFICE SALARIES                                       (58,549)       (59,173)
                                                                 ----------     ----------
             TOTAL EXPENSES                                        210,343        172,102

          NET INCOME BEFORE INCOME TAXES                           976,062        791,270
          PROVISIONS FOR INCOME TAX                                273,461        220,639
                                                                 ----------     ----------
          NET INCOME AFTER INCOME TAXES                      $   1,249,523  $   1,011,908
                                                                 ==========     ==========