Generates a report of your current income and expense status of the running financial year. This is basically a profit and loss statement.
Accounting Reports: Income Statement
To access this report go to WP Dashboard → WP ERP → Accounting → Reports → Click on View Report of Income statements.
After that you will be able to view the income statement which will show you net profit or net loss. For example, here we have made a profit of $404900.
You will see the report showing net income till the present date. It contains the following information-
- Sales Revenue
- Total Income
- Operating Expenses
- Total Expenses
Filter by Date
You can also filter the report based on dates. This filter creates a report from the starting of the accounts to the date you have picked.