The statements below can be found under Reports, Ledger Reports.
Statement Comparison
Income Statement
No beginning or ending balance
Equity and liability accounts are not included.
Summarizes all transactions with each account type of:
Income with total
Expenses with total
Net operating income
Other: other income and expenses
Net income total
Retained Earnings Statement
Beginning and ending balance
Liability accounts are not included.
Summarizes all transactions and lists under heading those with account type of:
Income
Expenses
Other: other income, other expenses, equity
Net Retained Earnings total
Cash Flow Statement
Beginning and ending balance which includes liabilities (open credits, security deposits, etc)
Summarizes all transactions and lists under heading those with account type of:
Income
Expenses
Net income total
Adjustments: equity, liabilities
Net balance change – including liabilities and equity
Operating Statement
Beginning and ending balance
Summarizes all transactions and lists under heading those with account type of:
Income
Expenses
Net income total
Other Income
Other Expenses
Adjustments: equity
Net balance change total
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