The Income Statement shows you the amount of income, interest, dividends, deductible expenses, and capital gains/losses your club realized during the selected period.
- Income - Income realized by the club. Subtotals are shown for interest, dividends, short-term capital gains and long-term capital gains. If you have run the tax program for the year, dividends will be categorized as qualified or non-qualified.
- Expense - Total miscellaneous deductible expenses paid. If you click on the link for "Miscellaneous Expenses", it will take you to an
itemized listing showing you what was included in this category.
- Net Profit - The net profit realized by the club, calculated by subtracting expenses from income.
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