Introduction
The Income Statement Report provides a comprehensive view of all financial transactions recorded by your organization. Unlike previous reports (such as Profit vs. Loss or Budget vs. Actual), the Income Statement pulls directly from the General Ledger to ensure every transaction is included.
This report is useful for LegFi Admins and HQ users who need accurate, up-to-date reporting to support financial management, oversight, and decision-making at both the chapter and national levels.
Note: The Profit vs. Loss and Budget vs. Actual reports will remain available for reference to historical transactions.
Key Features
This report includes:
Ledger-Based Reporting
Every transaction created or edited in the system is automatically logged into the General Ledger and reflected in the Income Statement. This eliminates missing or incomplete data often found in older report types.Comprehensive and Accurate Data
The report captures all transaction types, providing a true reflection of organizational finances.
Getting Started
View this report using three simple steps.
- Log into LegFi
- Select the Finances Tab
- Choose the Income Statement