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Chapter 18. Preparing the Top Ten QuickB... > Preparing an Income Statement

Preparing an Income Statement

The income statement, also known as the Profit & Loss Statement, shows all revenue and expenses for a designated period of time. The income statement is one of the reports you are expected to present to shareholders and to potential lenders who need to understand how your company is performing. You won't see individual transactions on this report, but you can drill down with a couple of mouse clicks to see the detail that supports each amount on this report.

Prepare an Income Statement

Select Company & Financial from the Reports menu.

Select Profit & Loss Standard from the side menu.

Click the arrow to select a time period for this report.

Alternatively, enter a specific range of dates.

Click the Export button and then select A New Excel Workbook to transfer the report to Excel. For example, you might want to run some what-if scenarios or manipulate the numbers in ways not available in QuickBooks.


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