GU 21, 6 Financial Format Member

*NOTE: it is important to work with your accountant in order to setup a proper income statement/balance sheet. IBS does not provide any professional accounting advice.

Typical Header Descriptions / titles

• Income statement (main header)
• sales
• cost of sales
• general & admin
• payroll
• operating expenses
• other income/expense

Example 1

Section 1 - Format column setup

Section 2

Report Headings

Section 3

• Company No. 01 Format No. 002 Statement Type I Line No. 0010
  100% N ULN 0 Desc INCOME STATEMENT Type H Space 1 Total
  Rev Sign

Detail Example

• Company No. 01 Format No. 002 Statement Type I Line No. 0029
  100% N ULN 0 Desc SALES-MATERIALS Type D Space 1 Total 01
  Rev Sign Y

• Company No. 01 Format No. 002 Statement Type I Line No. 0120
  100% Y ULN 3 Desc GROSS SALES Type S Space 1 Total 01
  Rev Sign Y

Total Example

• Company No. 01 Format No. 002 Statement Type I Line No. 0870
  100% N ULN 2 Desc NET INCOME OR (LOSS) Type T Space 1 Total
  Rev Sign Y

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Last modified: November 7, 2011

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