The Income Statement is important because it shows how profitable a business is during a certain time period. It pulls in anything you specified as revenue in your ZipBooks account, and any expenses you incurred, and, as a result, shows whether you have a profit (you made more than you spent) or a loss (you spent more than you made).
To generate your income statement:
Log in to ZipBooks and click on Reports on the left side of your screen.
Click on Income Statement in the Financial Statements section.
Enter the Start and End Dates you’d like the report to reflect; choose Monthly, Yearly, or All-time; and click Accrual or Cash basis.
Click Export and your Income Statement will download automatically.