Income Statement Report

The Income Statement (aka Statement of Activities) measures the change in net assets for a specified time period. 

Run an Income Statement

1. Navigate to the Financials page and click Income Statement in the left-side menu. 
2. Click a date.
   • Alternatively, select a Static Start and End Date, and then click Show Date.
     
      

The Income Statement is displayed. To further refine the information in the report, use the options listed below.


 

Additional Information

• Click Edit Date in the left-side menu to change the date. Click Save to save changes.
   
• Click Edit Options in the left-side menu to select a Column Option, Financial View, or other selections. Click Save to save changes.
  • To view financial years for a selected date range, select Financial Year from the Column Option drop-down. This will display additional columns of information on the income statement.
  • Quarter and Month are two additional Column Options that will display multiple columns of data for a selected date range.
  • If Include Closed Accounts is checked, then also check Include Zero Balances. 
  • When Default is selected for Round, no rounding occurs. 
    • Rounding follows the standard rounding rule of rounding up if five or more, and rounding down if less than five.
    • When using rounding, totals in reports may become imbalanced due to rounding differences across individual items.
      
       

• Click Load Saved in the left-side menu to use a saved filter.
  • Click [delete] to remove saved filters.
    
     

• Click Save Report in the left-side menu to name a report. Click Save to save changes.
  
   
• Click Print in the left-side menu to customize report columns and titles. Click Print again to display the report.
  • Click the Show checkbox to show columns or uncheck the box to hide columns.
  • The printed report will have a white background, contain text from Financials Content, and display without lines.
    
     
• Click Add Filter in the left-side menu to Add Financial Filter.
• Click Export in the left-side menu to download an Excel spreadsheet containing currently displayed information.
• Click Raw Export in the left-side menu to download an Excel spreadsheet containing currently displayed information that has each cell of each line of the spreadsheet filled.
  • This can be useful when using Excel functions.
  • Fund attributes are included in the spreadsheet.
• Click Show Fund in the left-side menu to view each fund and its balance.
  • Show/Ex Sub Fund becomes available when using Show Fund functionality.
    • This option shows subfunds.
• Click Show SubAcct in the left-side menu to view subaccounts.
  • This will display the individual account balances, and the subaccounts will be indented.

Run a Fund's Income Statement 

An income statement report can be run for a fund with options to display change in net assets over a specific time.

1. Navigate to the fund on which the income statement will be run.
2. Click Reports in the left-side menu.
3. Click Income Statement in the left-side menu.
4. Click a date.
   
    

The Income Statement is displayed.

• Click Edit Options in the left-side menu to change the Column Option and Financial View. Click Save to save changes.
  • To view financial years for a selected date range, select Financial Year from the Column Option drop-down. This will display additional columns of information on the income statement.
  • Quarter and Month are two additional Column Options that will display multiple columns of data for a selected date range.

    
    
     

Additional report options are available in the left-side menu and are described in the section above.

Related Resource

For guidance on comparing Balance Sheet, Income Statement, and Fund Statement balances, including troubleshooting unexpected activity and understanding when reports should tie together, see Troubleshoot Fund Statement Questions Using Financial Reports.