Income Statement
Compare budget, actual and forecast for sales, costs and profit, month by month
Income Statement is the first section of Accounting. It shows how the selected season or budget period is going: what you sold, what you spent, and what profit is left, against your budget, with a forecast to the end of the period.
What It Shows
| Area | What it answers |
|---|---|
| KPI cards | Net sales, Debt (open bills), Overdue invoices, Direct and Indirect costs, Profit, Cash, Liquidity for the next 15 days, Bed nights and average per bed night |
| Account Health | Which accounts are Healthy, on Watch or Critical against budget. Click a bar to filter the table. |
| Income Statement Detail | Every account line from Total Sales through Gross Profit, EBIT and Net Profit |
Where the Numbers Come From
| Line | Source |
|---|---|
| Sales | Issued invoices, counted on their issue date, whether they are paid yet or not. Voided invoices are excluded. Invoices for the season issued before it starts count in its first month. |
| Costs and expenses | Completed payouts and bills, on their expense accounts |
| Budget | The budget you selected for the period |
Sending an invoice is a sale. Collecting the money is tracked separately in Payments, Registers and the Cash card.
Views
- All Months shows months as columns. Each month and the Total show Budget, Actual, Var % and Forecast.
- Monthly Focus picks one month for larger KPIs, a budget-versus-actual or waterfall chart and a compact statement. You can also accumulate from an earlier month.
How the Forecast Works
The forecast estimates where the period will end:
- Past months and the current month use their Actual.
- Every following month uses its Budget.
- The Total forecast is the sum of the monthly forecasts.
- A shortfall in one month is not carried into the next.
- Gross Profit, EBIT and Net Profit are recalculated from the forecast values.
Read the Statement
- Choose the period and budget.
- Start with Profit and Net sales on the KPI cards.
- Use Account Health to spot the accounts that are off track.
- Compare Actual with Budget and Forecast in the detail table.
- Expand a group to its accounts and open View on one to see its latest activity, with the invoice, bill, payment or payout behind each amount.
Why a Number May Be Missing
- The invoice was issued outside the selected period, or it was voided.
- A payout is still Pending, so it is not an expense yet.
- The activity is on another account and shows under that account's parent.
- There is no budget for the period: create or load one in Budgets.
Use the Income Statement to understand results, not as your only reconciliation source. Confirm material numbers in the account detail and the source records.