Tag: income statement

Generating a Workbook for Standard Income Statement Report in NetSuite

Go to the Analytics menu. Create a new Dataset for Transaction by clicking on New Dataset button. 3. Select Transaction dataset and add the following criteria and columns: Criteria: Account Type: Income, Cost of Goods Sold, Expense, Other Income, Other Expense Posting is True Columns: Account Type(Transaction Line: Account: Type) Location(Transaction Line: Location) Class(Transaction Line:… Continue reading Generating a Workbook for Standard Income Statement Report in NetSuite

PART 4 – The Core 3 Financial Statements Compared

  Balance Sheet Income Statement Statement of Cash Flow Purpose Net Worth Profitability Liquidity & Solvency Reporting Period As of Point in Time For the Period Ended For the Period Ended Elements – Assets– Liabilities– Equity – Revenue– Gains– Expenses– Losses– Net Income – Beginning Cash Balance– Sources of Cash– Uses of Cash– Ending Cash… Continue reading PART 4 – The Core 3 Financial Statements Compared

Replicate Income statement in Saved Search

Scenario Replicate Income statement in Saved search Solution Go to Lists > Search > Saved Searches > New Select Transaction Click Criteria tab Filter: Add the following: Posting Mark Yes Click Set Account Type Select Cost of Goods Sold, Income, Expense, Other Expense, Other Income Click Set Filter: Add Accounting Periods Fields…  Select Start Date Start Date: Select Within From: Set the Start Date of the Accounting Period To: Set the Last Date of the Accounting Period… Continue reading Replicate Income statement in Saved Search

Not Showing some Journal Entry lines on applying Customer filter in Income Statement

When applying a customer filter to the income statement, some journal lines are not showing in the income statement. Also, some accounts are showing 0 expenses even if there are entries for that account in the journal entry. This is because, in the journal entry lines, we can enter not only customers but vendors as… Continue reading Not Showing some Journal Entry lines on applying Customer filter in Income Statement