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.