Example Income Statement report in Management Reporter

The following example shows the organization of an income statement based on the Fabrikam sample data. The procedures in this section demonstrate how to build this report.

Income Statement

Summary of All Units

For the Eight Months Ending August 31, 2007

August

YTD

Revenue

Sales

1,246,298

8,385,586

Sales Returns

10,971

73,780

Sales Discounts

36,565

278,126

Net Sales

1,198,762

8,033,680

Cost of Goods Sold

878,242

5,762,515

Gross Margin

320,520

2,271,165

Operating Expenses

Salaries and Wages

98,466

752,351

Office Expense

5,048

38,478

Supplies Expense

22,382

153,456

Rent Expense

12,112

92,556

Travel Expense

7,694

58,776

Total Operating Expenses

145,702

1,095,617

Net Income

174,818

1,175,548

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