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Income Statement

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Track Revenues, Expenses, and Net Profit or Loss with Complete Clarity

The Income Statement (Profit and Loss Statement) in PrismERP provides a real-time and comprehensive view of your company's revenues, operating costs, and bottom-line results over a specified accounting period.

Whether you need to assess profitability, evaluate cost control, or prepare for audits, PrismERP ensures accurate reporting aligned with standard accounting practices.

What is the Income Statement in PrismERP?​

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Summarizes all income and expense transactions to show net profit or loss for a period — monthly, quarterly, or annually.

Structure:

  • Total Revenue – Product sales, services, interest, etc.
  • Less: Cost of Goods Sold (COGS) – Product cost, production cost, VAT
  • Less: Operating Expenses – Salaries, rent, utilities, etc.
  • Less: Taxes & Other Deductions
  • = Net Profit or Loss

Key Features of the Income Statement in PrismERP​

  • Real-Time Data Integration – Pulls data directly from the general ledger.
  • Time-Based Filtering – Monthly, quarterly, or annual reports.
  • Automatic Calculations – Gross, operating, and net profit with no manual input.
  • Branch & Cost Center Reporting – Segment profitability as needed.
  • Export Options – PDF, Excel, CSV.
  • Drill-Down Capability – View underlying transactions for any figure.
Step 1 – Access the Income Statement

Go to Reports → Financial Statements → Income Statement.

Step 2 – Apply Filters

Choose:

  • Date Range (monthly, quarterly, yearly)
  • Branch / Cost Center / Project (optional)
Step 3 – Generate Report

Click Generate or View. Data is pulled from:

  • Sales Module
  • COGS / Purchase Modules
  • Expense & Tax Vouchers

Typical Income Statement Format​

  • Total Revenue
  • Less: Cost of Goods Sold (COGS)
  • Less: Operating Expenses
  • Less: Taxes & Other Deductions
  • = Net Profit or Loss

Drill-Down for Detailed Review​

Click on any line item to see:

  • General Ledger Entries
  • Voucher Details
  • Transaction-level records

Export or Share​

Use Export to download:

  • PDF
  • Excel
  • CSV

Integrated Modules​

The Income Statement automatically collects data from:

  • Sales & Revenue Management
  • Cost of Goods Sold (COGS)
  • Project Accounting
  • Financial Expense and Tax Modules

Conclusion​

With PrismERP’s Income Statement, you gain immediate visibility into your company’s financial performance.
The real-time, accurate, and standardized reporting framework supports smarter decisions and ensures audit readiness.

Request a demo today to experience effortless financial reporting with PrismERP.