The Statement of Earnings reports the balances of G/L accounts for operating revenues, operating expenses, gains and losses.
You can select to just display the earnings for the requested G/L period, or the accumulated year to date amounts. You can also review the actual amounts posted to each G/L account, or the budgeted amounts for each G/L account.
In our demo company, we’ve set up Revenue and Costs Statement Groups.
So the Statement of Earnings shows Revenue on the first page, with a subtotal.
It then starts on a new page and reports Costs, also with a subtotal.
The last line on the report is the difference between costs and revenue and is reported as the Net Earnings.
PRINTING, EMAILING, EXPORTING TO EXCEL
Like all reports, you can export the Balance Sheet to an excel spreadsheet and further examine it. Or you can print or email a PDF version.