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  •     QAD Glossary

  • Income Statement
    The Income Statement allows you to evaluate the success of a business by showing you the revenues and expenses for a business. This statement, which is prepared monthly, shows if revenues are greater than the expenses—in the black or profit—or if the expenses are greater than the revenue—in the red or loss.
    The Income Statement chart is linked to a grid that shows the account P&L (profit and loss) details.

    Navigation Overview for the Income Statement
    Income Statement Chart
    The income statement chart shows the net income, the net sales, and the main categories of expenses—COGS, Other OPEX, interest paid, and taxes.

    Income Statement Chart
    Account P&L for Report Line Grid
    This grid shows the account P&L details. This grid contains the following columns:
    Entity Code
    Line Number
    Account Number
    Account Description
    Calc Balance
    Currency Type
    Click the green back arrow to return to the previous chart.

    Account P&L for Report Line Grid