The Income Statement summarizes Revenue and OpEx inputs and displays historic actuals next to the budgeted amounts, per month. After reviewing the Income Statement Dashboard and the Revenue and Expense Trends, the Income Statement can be analysed by Subsidiary, Department and Class in Input or Reporting Currency. The Drill to Income Statement Details option can be used to view accounts at a detailed level.
Note: This form is comparative to the Income Statement report in NetSuite, when run with the same selection criteria.
Steps
1) From the Home page, navigate to Financials > Income Statement.
2) Click the Income Statement form.
3) In the Point of View (POV), select the Subsidiary, Currency, Department and Class to view.
4) Optionally, click the [Actions] button and select IS Budget Data Refresh to refresh the Income Statement with the latest budgeted amounts from the Revenue and OpEx budget forms.
5) Review the historic Actuals and future Budgeted amounts by account and if required, select an account then click [Actions].
6) Select Drill to Income Statement Details.
7) All the details for the selected account row are displayed by Relationship, Department, Class, Item and Location with the option to drill through to the NetSuite source detail, on Actuals.
8) To drill through to the NetSuite source data, click on a cell with the drill through icon and navigate to Actions > Drill Through.
9) Click on the Drill Through to source popup link.
10) To drill into NetSuite, click the icon next to the item to view and select Drill Through to Source.
11) Click [Close] to return to the form.
12) Click the Income Statement link to exit the Income Statement – Account Details and return to the Income Statement form.