Income Statement

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.