The income statement provides a detailed revenue and contra revenue breakdown by month. It shows revenue, contra revenue, expenses, gains, and losses. Contra revenue adjustments are deductions from gross revenue. Applying the contra revenue to your gross revenue results in your net income. Use this report to better understand your net revenue and determine how you want to track contra revenue items.
The report is available to download from our accounting reports page with multiple format options.
Replication in Sigma
To replicate the income report in Sigma, use the
This sample query generates the report for revenue booked for the accounting period of October 2023 and grouped by account. You can adjust the dates to your desired time frame as well as different grouping parameters.
If you’re using our chart of accounts beta feature, be sure to update the
net_changes_accounts mappings in the query below to reflect the accounts in your general ledger.
with contra_revenue_accounts as ( values 'Refunds', 'Disputes', 'CreditNotes', 'BadDebt', 'Voids', 'UnbilledVoids', 'Transfer', 'Discounts' ), income_statement_accounts as ( values 'Revenue', 'Refunds', 'Disputes', 'BadDebt', 'Voids', 'UnbilledVoids', 'CreditNotes', 'Transfer', 'ExternalAssetRefunds', 'Discounts', 'CustomerBalanceAdjustments', 'ExternalCustomerBalanceAdjustments', 'Underpayments', 'Fees', 'Recoverables', 'Exclusion', 'Overpayments', 'FxLoss', 'ConnectTransferLoss' ), net_changes_accounts as ( values 'Revenue', 'Recoverables', 'Exclusion', 'Overpayments' ), zero_decimal_currencies as ( values 'bif', 'clp', 'djf', 'gnf', 'jpy', 'kmf', 'krw', 'mga', 'pyg', 'rwf', 'vnd', 'vuv', 'xaf', 'xof', 'xpf' ), formatted_changes as ( select booked_date, date_format(accounting_period_date, '%Y-%m-%d') as accounting_period, is_accounting_period_open, debit, credit, invoice_id, product_id, customer_balance_transaction_id, event_type, currency, presentment_currency, if( lower(currency) in ( select * from zero_decimal_currencies ), cast(presentment_amount as decimal(18, 0)), cast(0.01 * presentment_amount as decimal(18, 2)) ) as decimalized_presentment_amount, if( lower(currency) in ( select * from zero_decimal_currencies ), cast(amount as decimal(18, 0)), cast(0.01 * amount as decimal(18, 2)) ) as decimalized_settlement_amount from revenue_recognition_debits_and_credits ), raw_net_changes as ( select debit as account, decimalized_settlement_amount as raw_net_change, decimalized_presentment_amount as presentment_raw_net_change, * from formatted_changes union all select credit as account, - decimalized_settlement_amount as raw_net_change, - decimalized_presentment_amount as presentment_raw_net_change, * from formatted_changes ), net_changes as ( select ( case when account in ( select * from contra_revenue_accounts ) then raw_net_change else - raw_net_change end ) as net_change, ( case when account in ( select * from contra_revenue_accounts ) then presentment_raw_net_change else - presentment_raw_net_change end ) as presentment_net_change, * from raw_net_changes ), ungrouped_results as ( select case when is_accounting_period_open then accounting_period else null end as open_accounting_period, case when is_accounting_period_open then null else accounting_period end as accounting_period, currency, presentment_currency, account, booked_date, product_id, invoice_id, event_type, presentment_net_change, net_change from net_changes where account in ( select * from income_statement_accounts ) and accounting_period >= date_format(timestamp '2023-10-01 00:00:00', '%Y-%m-%d') and accounting_period <= date_format( date_add('second', -1, timestamp '2023-11-01 00:00:00'), '%Y-%m-%d' ) ) select currency, presentment_currency, open_accounting_period, accounting_period, account, sum( net_change * ( case when account in ( select * from net_changes_accounts ) then 1 else -1 end ) ) as net_income, sum( presentment_net_change * ( case when account in ( select * from net_changes_accounts ) then 1 else -1 end ) ) as presentment_net_income from ungrouped_results group by currency, presentment_currency, open_accounting_period, accounting_period, account