Objectives:
Understand what the Income Statement Report includes and why it is useful.
Learn how to generate and customize the report.
Compare financial performance across custom periods or previous years to track trends.
Export the report for sharing or further financial analysis.
Steps:
The Income Statement Report provides a summary of your organization's financial performance by displaying total income and expenses over a selected period.
This report helps organizations: Evaluate overall profitability, monitor revenue and expense trends, and analyze financial performance across different time periods.
The Income Statement Report now supports financial comparison across different time periods, allowing users to compare financial performance with previous years or periods. This provide better insights into how the firm’s financial performance evolves.
Open the Billing Module
From the Main Menu, navigate to the Billing Module.
Access the Reports Page
Go to the Reports section.
Under the Statement category, select Income Statement Report.
Apply Filters to Customize the Report
Use the available filters to refine the report results.
Select Date Range
Choose the reporting period you want to analyze, such as:
This Week
This Month
This Quarter
This Year
The system will automatically populate the corresponding From and To dates.
You can also manually adjust these dates to define a custom reporting period.
Compare with Previous Periods
To analyze financial trends, you can enable comparison options such as:
Previous Years
Previous Periods
This allows you to compare financial performance between different timeframes.
Once the filters are set, click Submit to generate the report.
Review the Report Results
The report will display totals based on the selected date range, grouped according to the income and expense accounts configured in the system
This provides a clear overview of the organization's financial performance during the selected period.
Export the Report
Once the report is generated, you can export it for further use.
Click the Export button to download the report in: Excel or PDF format for reporting or sharing purposes.
For more information about LEXZUR, kindly reach out to us at help@lexzur.com.
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