Statement
of Income and Retained Earnings (Financial Statement)
How Do I...
The Statement of Income and Retained Earnings shows income and expense
activity for a specified period of time, as well as retained earnings
information. To receive accurate results, you must run this report either
for just one month or from the beginning of the year up through the current
date.
Note: Prior period entries and adjustments to the retained earnings account display on this report as a single beginning retained earnings balance. If you adjust (change) the retained earnings beginning balance for a prior closed fiscal year, then the ending retained earning balance from the prior year closed will not equal the beginning balance in the current year statement.
When you display or print a financial statement, Sage 50 displays
the following options:
- Dates: You
have the choice of a range of periods, current period, or current three
periods. If you select a range, use the From and To list boxes.
- Print Page Numbers: Checking
this will print page numbers on the top right corner of the page. Both
the page number and the number of pages are indicated. For example, if
you are looking at page 2 of a 13-page document, it will display on the
report as "Page: 2 of 13."
- Show Zero Amounts:
Select this check box to show accounts with zero amounts.
- Print All Words Capitalized: Select this check box if you want the
report to print in all capital letters.
- Right Margin/Left Margin: Enter the size of the margins you want, in
inches.
- Center on Page: Select this check box if you
want each page of the report to be centered on the page instead of left
justified when it is printed.
- Number of Copies: Enter
the number of copies you want to print. You can enter any number from
1 to 99.
Related topics
Learn how to read
financial statements
Learn about other
financial statements
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