Income statement

An income statement is an essential report for all the business's stakeholders. We'll take an executive's perspective for our user story.

Financial statements have been around for so long that most business users are going to want to see them in the format that they are accustomed to. As legacy reporting in QlikView involves using advanced methods, let's take the time to create them in their standard format. We will then look at how we can make a report more visual and easier to understand at a glance.

In the following income statement example, we start by calculating the sales that we generated during the course of the year. Proceeding downward through the report, we subtract the costs and expenses that were incurred in these same period. Then at certain moments in the report, we calculate a subtotal. For example, gross profit is sales minus costs, operating profit is gross profit minus expenses, and net profit is operating profit minus other concepts, such as taxes and interest...