Custom Income Statement QuickBooks Pro Desktop 2020 https://accountinginstruction.info/custom-income-statement-3-15/ This presentation and we will create a custom income statement from a profit and loss of standard report within QuickBooks Pro 2020, QuickBooks desktop 2020. Here we are in our get great guitars file, we currently have the open windows open, you can open the open windows by going to the view drop down up top and selecting the open windows that list, we're not going to be taking a look at our income statement or our profit and loss report. 0:26 That's going to be our starting point, we're going to go to the reports drop down up top, we will go to the company and financial and then select the profit and loss standard. Within the profit and loss standard, we're going to change the dates up top from a one a 120 to 1230 120. That's January through December 2020. This is going to be our standard Profit and Loss report, we're going to make some changes to the reports using the customized reports field in a similar fashion as we did with the balance sheet. 0:57 So we're going to go to the customized reports up top. One change that we might want to do is to go to the header and footer, you might have some clients that prefer to see an income statement. So you might want to just change this or customize the report for some people. Rather than calling it a profit and loss report, we're going to change the name to an income statement. So then if someone asks you for basically an income statement, you can in essence, just create the profit and loss report, rename it to an income statement. And that is your income statement. We're also going to be removing the date prepared, the time prepared and the report basis. So we're going to remove these three items on the left side. 1:38 So if we say okay, that we have that now we have our income statement, rather than the profit and loss of reports, we're going to do some adjustments to the fonts. Now I'm going to remove the pennies on it. So we don't have the sense in there. We're also going to make negative numbers be represented with brackets and with red. So we're going to go up top, we're going to go to the color miser reports. 2:00 Once again, that's going to be in the fonts and numbers within the fonts and numbers, we're then going to go in and say that we want to have the negative numbers represented with the parentheses like so then we're going to remove the pennies remove the sense, I'm also going to make the negative numbers here to be read. So we'll have them be read like so. And therefore the negative numbers will appear like this. And we're going to be removing the pennies. So we're going to say okay, and there we have that. So we've kind of cleaned it up, it looks a little ... https://www.youtube.com/watch?v=zHAVbF98r8A

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