Overview

An Income Statement is a financial report that shows a business’s revenue, expenses, and net income or loss over a specific period of time. In an accounting platform, an income statement is typically generated automatically based on the financial transactions that have been recorded in the system.

Property	Type	Description
platform_id	string	The Platform’s ID for the income statement
period_start	date	Start date of the income statement report
period_end	date	End date of the income statement report
revenue	Line Item	Line Items for revenue of income statement report
cost_of_goods_sold	Line Item	Line Items for revenue of income statement report
operating_expenses	Line Item	Line Items for operating_expenses of income statement report
operating_profit	float	Operating profit of the income statement report
non_operating_revenue	Line Item	Non operating revenue of the income statement report
non_operating_expenses	Line Item	Non operating expense of the income statement report
gross_profit	float	Gross profit of the income statement report
net_profit	float	Net profit of the income statement report

Line Item

Each line item is a nested object providing additional information about Income Statement with the following attributes:

Property	Type	Description
name	string	Name of the line item
value	float	Value of the line item
line_items	array	Line items of the line item, only if further breakdown is available
account_id	string	The Platform’s ID for this item, only if this is the root line item

The Income Statement Response Object

{
  "platform_id": "IS2023-123",
  "period_start_date": "2023-09-28T00:00:00.000Z",
  "period_end_date": "2023-09-28T00:00:00.000Z",
  "currency_id": "3770712000000000099",
  "revenue": [
    {
      "name": "Operating Revenue",
      "value": 0,
      "line_items": [
        {
          "name": "Discount",
          "value": 0,
          "account_id": "3770712000000000406"
        },
        {
          "name": "General Income",
          "value": 0,
          "account_id": "3770712000000000391"
        }
      ]
    }
  ],
  "cost_of_goods_sold": [
    {
      "name": "Cost of Goods Sold",
      "value": 0,
      "line_items": [
        {
          "name": "Cost of Goods Sold",
          "value": 0,
          "account_id": "3770712000000034003"
        },
        {
          "name": "Job Costing",
          "value": 0,
          "account_id": "3770712000000076066"
        }
      ]
    }
  ],
  "gross_profit": 58000.0,
  "operating_expenses": [
    {
      "name": "Operating Expenses",
      "value": -8.5,
      "line_items": [
        {
          "name": "Automobile Expense",
          "value": 0,
          "account_id": "3770712000000000424"
        },
        {
          "name": "Consultant Expense",
          "value": -8.5,
          "account_id": "3770712000000000454"
        }
      ]
    }
  ],
  "operating_profit": 30000.0,
  "non_operating_revenue": [
    {
      "name": "Non Operating Revenue",
      "value": 0,
      "line_items": []
    }
  ],
  "non_operating_expenses": [
    {
      "name": "Non Operating Expenses",
      "value": 0,
      "line_items": []
    }
  ],
  "earnings_before_taxes": 31800.0,
  "taxes": [
    {
      "account_id": "TAX-4001",
      "value": 8200.0,
      "name": "Income Tax"
    }
  ],
  "net_profit": 23500.0
  "updated_at": "2021-09-28T00:00:00.000Z",
}