The profitability of a company for a specified period of time is shown on an Income statement. The business can choose the time period the statement covers. It is an organisation’s ability to record net profit or loss over a specific accounting period. The income statement provides an overview of the organisation’s sales and net income. Aqxolt ERP covers both the operating and non-operating portions of the income statement. The operating part of the income statement discloses records about expenses and revenue that are directly associated with regular business operations, whereas the non-operating part of the income statement discloses records of expenses and revenue that are not directly associated with regular business operations.
The income statement is important because investors can use it to analyse the profitability of the organisation. It plays a significant role in making decisions about whether to invest in the organisation.
Aqxolt ERP allows the user to use the income statement for comparison. It is used to compare fiscal year data and fiscal quarter data. It typically allows users to compare the present year with two years of historical data.
Aqxolt ERP provides the user with accurate chart data based on the selected filter criteria. Click on the links on the right-hand side next to the chart to view the chart data Annually, Quarterly and Monthly.