Saturday, February 6, 2010

Income Statement

We've added a brand new report -- Income Statement. This report follows the industry standard financial report format that gives you an overview of your business financials in a given calendar year.

The followings are included in the report:

Revenue: both wedding and non-wedding
Cost of Sales: this is the product sales transaction recorded under either Pre-Wedding or Post-Wedding
Job-Related Expense: this is the expense recorded under the Misc tab of each job
Other Business Expense: this is the expense recorded under Business Expense in Control Panel

A final net income is calculated based on above financial data.

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