The Income statement will list all the balances of your accounts which are created as an Income / Expense type in the Edit → Accounts menu, and will reflect your net profit or loss for a specific period. The Income statement has two main sections (financial categories), i.e. Income and Expenses. When the Income exceeds the Expenses, the report will reflect the net profit. If the Expenses exceed the Income, the report will reflect a net loss. 

The Income statement is used to manage and report on your businesses' income and expenses. TurboCASH5 allows you to compare the actual figures in the Income statement with one of the following comparative figures: 

Last year's actual figures, if available. The financial performance of the actual figures may be compared to last year' actual figures for the selected periods. 

Budget figures, if entered in the Accounts option (Action ribbon). If the budgeted figures are entered correctly, you may compare the actual income received and expenses paid to the budgeted figures, to determine whether your income is on track, or where you are over spending or under spending. 

This will list the following account types and account groups:

Income accounts. 

Expense accounts. 

Income statement options

To print an Income statement:

1.On the Reports ribbon, select Ledger analyser 1 or Ledger analyser 2.

2.Select the “Income statement” report type.  


3.Select “Per period” to select a period (Month, 2 Months, 3 Months, 4 Months, 6 Months or Year). 

You may click on the “Free selection” tab. You may select or enter any date or dates, which you need to include in the Income statement.  

4.Select the "Groups", if required. "None" is the default option. You may select "Reporting group 1" or "Reporting group 2". 

5."Ignore zero balances" - If this field is not selected, all income and expense accounts will be listed for the Income statement balance. If you select (tick) this field; only those income and expense accounts with balances will be included in the Income statement.  

6."Budget" - Leave this option blank to include the actual posted (updated) transactions in the Income statement.  

The "Budget" option, if selected, will list only the budget figures (Budget listing) in the Trial balance, Income statement, Balance sheet and Standard column balances report types (if budget figures were entered in the Accounts option on the Action ribbon). 

7."Cost centre 1" and "Cost centre 2" - The Cost centres (2 Groups) will only be available, if Cost centres are added in Groups on the Setup ribbon; and if activated.

8.Click on the Report button. This will build or refresh the Income statement with the selected options. 

Example : Income statement

An example of the "Income statement - Reporting group 1" report type, in the "Ledger analyser" screen, is displayed as follows: 


Printed example : Income statement

Click on the Print button. An example of the printed "Income statement - Reporting group 1", is displayed as follows: 


To save the Income statement as a PDF file:

1.On the "Reportman print preview" screen, select Save (Ctrl+S – This will launch the “Save Metafile As” screen. 

2.Select the directory (folder) where you need to save this file, if necessary. 

3.Enter a file name. 

4.Select the "PDF File – compressed" default file type.

5.Click Save.

Export to Spreadsheets

Export button for all Report types on Ledger analyser 1 / Ledger analyser 2 - 

You may save the export file as Text files (*.txt) (default file type); or as CSV files (*.csv) (Comma Separated Values) file type. This will automatically open (launch) the exported file in the program associated with the selected file type:

oText files e.g. (Export.txt) - This should automatically open the exported text file of your system's default text file program associated with Text file type (*.txt) file types (e.g. Notepad, etc). You need to close the exported text file and launch your spreadsheet program. In your spreadsheet program, Open the text file to launch the "Text Import" options.

oCSV files e.g. (Export.csv) - This should automatically open the "Text Import" options of your system's default spreadsheet program associated with Comma Separated Value file type (*.csv) file types (e.g. Microsoft Excel, Apache OpenOffice, LibreOffice, Ultra Office, etc.).