The Income Statement displays the district's revenues, expenses, and profitability over a period of time. It is also sometimes referred to as a profit-and-loss (P&L) statement or an earnings statement.
In order to access the Income Statement, you must have permission to Income Statement via Setup > Profiles > Budgeting/General Ledger tab.
Categories must also first be set up via Setup > Settings > Income Statement tab.
1. In the Budgeting/General Ledger menu, click Income Statement.
2. Select the applicable fiscal year from the pull-down. The pull-down defaults to the current fiscal year but can be changed, as needed.
3. Select the applicable fund(s) from the Fund pull-down to determine how the report is generated.
4. Select the applicable center(s) from the Center pull-down to determine how the report is generated.
5. Select the applicable project(s) from the Project pull-down to determine how the report is generated.
6. Select the applicable categorie(s) from the Categories pull-down. The categories displayed in this pull-down must first be set up via Setup > Settings > Income Statement tab.
7. Select the Month for which you want to generate the Income Statement.
8. Select the Budget check box to add a column that displays the current budgeted amount, from the Budgeted column via Budgeting/General Ledger > Expenditure/Revenue Report.
9. Click Run Report.
The Income Statement displays the Type, such as Revenue, Other Sources, the Category, the Budgeted, Actual, and Variance amount as of the month and fiscal year selected.
See Additional Features for more information on printing, exporting, toggling columns, and more.