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Income Statement

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Income Statement

Income Statement Menu

File:Income Statement Menu.png
Income Statement Menu

Income Statement refers to an overview of competitive Income Statements for specific periods. It also shows how profitable the company base on the given period. The income statements gives the user an overview of the revenue, less the expenses and losses.

Income Statement Terms on Oojeema Prime:

  1. Date Range(Monthly, Quarterly, Yearly) - gives the user a set of date range on how they will view their Income Statement.
  2. Account - set of accounts included on the Income Statement which mainly compose of Revenue, Cost and Expense.
  3. Revenue - refers to any income generated from business operations with the inclusion of discounts and deductions for returned merchandise.
    • Set of Revenues can be seen in Revenue Tab under Chart of Account Maintenance Module.
  4. Cost - refers to any value of money that will be used in products or services.
  5. Gross Income - refers to any amount that the company earns from the sale of goods or services, before any other expenses have been deducted.
  6. Expense - refers to any type of expenditure that flows through the Income Statement. Expense is deducted to revenue to acquire the business net income.
    • Set of Expenses can be seen in Expense Tab under Chart of Account Maintenance Module.

Notes:

  • For detailed instructions on how to Export the Income Statement, the user can visit the Income Statement Job Aids which can be found here.
Categories:
Modules
Maintenance Maintenance | Chart of Account
Reports Module (Reports)
Reports Financial Statement
Financial Statements Balance Sheet | Income Statement | General Ledger | General Journal | Trial Balance | Statement of Account | Accounts Receivable Aging | AR Detailed Report | AR Transaction Report | Accounts Receivable Aging | AP Detailed Report | AR Transaction Report | Accounts Payable Aging | AP Detailed Report | AP Transaction Report | Cash Position | Check List | Deposit List | Collection Register
Job Aid Modules
Maintenance Aids Chart of Accounts Aids
Reports Aid
Financial Statements Balance Sheet Aids | Income Statement Aids | General Ledger Aids | General Journal Aids | Trial Balance Aids | Statement of Account Aids | Accounts Receivable Aging Aids | AR Detailed Report Aids | AR Transaction Report Aids | Accounts Receivable Aging Aids | AP Detailed Report Aids | AR Transaction Report Aids | Accounts Payable Aging Aids | AP Detailed Report Aids | AP Transaction Report Aids | Cash Position Aids | Check List Aids | Deposit List Aids | Collection Register Aids