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Computerized Accounting: Comparative Income Statement and Zoom Function

Updated on March 11, 2013

Comparative income statements will show all the same information of an income statement, but for several periods prior to compare stats. A comparative income statement would be useful to show how much each section has changed from month to month, sections would be assets, liabilities and owner's equity. By modifying the report, a person can add extra statistics like percentages of change. The addition of the percentage and dollar amount change can help a company to decide if their procedures are too costly or how well a new system is working.

When you use the drill down option, a user can see all documents related to whatever they clicked on. If you want information on the customer, invoices, amount owed, as well as transactions by account to find a quick list of your totals. Where ever the magnifying glass is present when you mouse over a figure or account, merely double click and another report will pop up.


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