{"id":963,"date":"2023-04-11T15:19:39","date_gmt":"2023-04-11T12:19:39","guid":{"rendered":"https:\/\/akaunting.com\/hc\/docs\/reports\/income-vs-expense-report\/"},"modified":"2023-04-24T10:57:58","modified_gmt":"2023-04-24T07:57:58","slug":"income-vs-expense-report","status":"publish","type":"docs","link":"https:\/\/akaunting.com\/hc\/docs\/reports\/income-vs-expense-report\/","title":{"rendered":"Income vs. Expense Report"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The income vs. Expense report is the summary of your business\u2019s income and expenses over a period of time.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is the difference between all Sales and Purchase transactions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This report helps you to understand your company\u2019s cash flow, budget your spending, and calculate your net income or net loss.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">An income vs.&nbsp;expense report may include information such as Financial year, vendor, customer, account, and a timeline of expenses\/income.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To get the Income vs. Expense report:<\/p>\n\n\n\n<figure class=\"wp-block-video\"><video height=\"1080\" style=\"aspect-ratio: 1920 \/ 1080;\" width=\"1920\" controls src=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/11152105\/income-vs-expense.mp4\"><\/video><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Go to<strong> Reports<\/strong> on the Navigation Menu.<\/li>\n\n\n\n<li>On the Reports page, go to the <strong>Income &amp; Expense<\/strong> section.<\/li>\n\n\n\n<li>Click <strong>Income vs. Expense.<\/strong><\/li>\n\n\n\n<li>On the Income vs. Expense report page, you can use the filters to set the following:\n<ul class=\"wp-block-list\">\n<li>Financial year<\/li>\n\n\n\n<li>Basis: Accrual or Cash<\/li>\n\n\n\n<li>Account<\/li>\n\n\n\n<li>Category of expense.<\/li>\n\n\n\n<li>Customer<\/li>\n\n\n\n<li>Vendor<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>After entering your preferred filters, hit the <strong>Enter Key<\/strong> on your keyboard to refresh and view an updated report.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">You can switch the report chart from Timeline to Distribution by clicking the Distribution icon <img loading=\"lazy\" decoding=\"async\" width=\"25\" height=\"25\" class=\"wp-image-1530\" style=\"width: 25px;\" src=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/20142147\/Screenshot-2023-04-20-at-14.21.20.png\" alt=\"distribution icon\" srcset=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/20142147\/Screenshot-2023-04-20-at-14.21.20.png 64w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/20142147\/Screenshot-2023-04-20-at-14.21.20-16x16.png 16w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/20142147\/Screenshot-2023-04-20-at-14.21.20-50x50.png 50w\" sizes=\"auto, (max-width: 25px) 100vw, 25px\" \/>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/11152617\/income-vs-expense-1024x576.png\" alt=\"Income vs. Expense Report\" class=\"wp-image-967\" srcset=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/11152617\/income-vs-expense-1024x576.png 1024w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/11152617\/income-vs-expense-300x169.png 300w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/11152617\/income-vs-expense-768x432.png 768w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/11152617\/income-vs-expense-1536x864.png 1536w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/11152617\/income-vs-expense.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The income vs. Expense report is the summary of your business\u2019s income and expenses over a period of time. It is the difference between all Sales and Purchase transactions. This report helps you to understand your company\u2019s cash flow, budget your spending, and calculate your net income or net loss. An income vs.&nbsp;expense report may [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":928,"menu_order":6,"comment_status":"open","ping_status":"closed","template":"","doc_tag":[],"class_list":["post-963","docs","type-docs","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs"}],"about":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/types\/docs"}],"author":[{"embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/comments?post=963"}],"version-history":[{"count":3,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/963\/revisions"}],"predecessor-version":[{"id":1533,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/963\/revisions\/1533"}],"up":[{"embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/928"}],"wp:attachment":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/media?parent=963"}],"wp:term":[{"taxonomy":"doc_tag","embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/doc_tag?post=963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}