Statements of income as net profit and gross profit are survival for any manager.
Low income will closed a shop or business and vise versa.
Importance of income statememt
Report of low income is a red line warming for account department to inform director manager for a suitable economic decisions.
A decision to reduce expenses and increase sales to reach more profits.
Income statements in iGreen
You can find reports related to income statement as below:
- Invoice profits
- Items profit
All these reports could be run in a selected date
For example, you can run invoice profits for date of today and it will show you only invoices of today