Turn a Trial Balance into an Income Statement in 4 steps

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Download file shown in video [free]:
https://thefincontroller.com/p/trialbalancetoincomestatement

Chapters:
00:00 Intro
03:45 Step 1 - Identify the Income Statement Accounts
04:55 Step 2 - Label the Accounts
06:03 Step 3 - Use Sumif formula
07:28 Step 4 - Format & foot the Income Statement

In this video I take a Trial Balance and use it to create an Income Statement, along with an explanation of how the accounting data flows from transactions to financial statements.

Video mentioned in the video about setup of the Chart of Accounts:
https://youtu.be/6khwyVf564c
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Видео Turn a Trial Balance into an Income Statement in 4 steps канала The Financial Controller