DealPOS automatically creates a journal of POS transactions for accounting purposes. So you don't need to input the journal manually, and the accounting reports are also automatically generated based on the journals that have been successfully created.
The income statement is one of the major financial statements used by owners and investors. The income statement is important because it shows the profitability of a company in a period.
*Notes: Before you go to Income Statement in the Accounting Menu, make sure the Report role is Activated on your User's Group Access in the DealPOS.
Go to Reports then select Income Statement
Note: also use the filter to set the range date and select the outlet that you want to appear to
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To represent the record-keeping flow in and out of Chart of Account: General Ledger
To view the financial position of reports listed assets, liabilities, and equity on balance: Balance Sheet
To know about the movement of cash in a period: Cash Flow