Income statement

Learn about the income statement report.

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 revenue_recognition_debits_and_credits table.

Group By Account

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.

with 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,
    debit_account_type,
    credit_account_type,
    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,
    debit_account_type as account_type,
    decimalized_settlement_amount as raw_net_change,
    decimalized_presentment_amount as presentment_raw_net_change,
    *
  from
    formatted_changes
  union all
  select
    credit as account,
    credit_account_type as account_type,
    - 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_type in ('Assets', 'ContraRevenue', 'Expenses', 'Losses') then raw_net_change
        else - raw_net_change
      end
    ) as net_change,
    (
      case
        when account_type in ('Assets', 'ContraRevenue', 'Expenses', 'Losses') 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_type,
    account,
    booked_date,
    product_id,
    invoice_id,
    event_type,
    presentment_net_change,
    net_change
  from
    net_changes
  where
    account_type in ('Revenue', 'ContraRevenue', 'Expenses', 'Gains', 'Losses')
    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_type,
  account,
  sum(net_change * (case when account_type in ('Revenue', 'Gains') then 1 else -1 end)) as net_income,
  sum(presentment_net_change * (case when account_type in ('Revenue', 'Gains') then 1 else -1 end)) as presentment_net_income
from
  ungrouped_results
group by
  currency,
  presentment_currency,
  open_accounting_period,
  accounting_period,
  account_type,
  account

Group By Line Item

This sample query generates the report for revenue booked for the accounting period of Feb 2024 and grouped by line item. You can adjust the dates to your desired time frame as well as different grouping parameters.

To retrieve customer address information, join the results of this Sigma query with the invoices Sigma table.

Note

If you’re using our chart of accounts beta feature, be sure to update the unbilled_ar_accounts mapping in the query below to reflect the accounts in your general ledger.

select "accounting_period", "presentment_currency", "transaction_model_id", "account_type", "account", "booked_date", "presentment_net_income", "invoice_id", "line_item_id", "invoice_item_id", "charge_description", "invoice_line_item_description" from (
  select
  original.*
    , charges.description as charge_description
    , invoice_line_items.description as invoice_line_item_description
FROM
  (
    with unbilled_ar_accounts as (
      values 'UnbilledAccountsReceivable'
    )
  , formatted_changes as (
  select
    livemode,
    invoice_id,
    line_item_id,
    invoice_item_id,
    subscription_item_id,
    customer_balance_transaction_id,
    charge_id,
    refund_id,
    debit,
    credit,
    debit_account_type,
    credit_account_type,
    debit_gl_code,
    credit_gl_code,
    accounting_period_date,
    presentment_amount,
    presentment_currency,
    date_format(accounting_period_date, '%Y-%m-%d') as accounting_period,
    date_format(booked_date, '%Y-%m-%d') as booked_date,
    coalesce(
      invoice_id,
      invoice_item_id,
      charge_id,
      refund_id,
      subscription_item_id,
      customer_balance_transaction_id,
      customer_id
    ) as linked_invoice_id,
    coalesce(
      invoice_item_id,
      line_item_id,
      invoice_id,
      charge_id,
      refund_id,
      subscription_item_id,
      customer_balance_transaction_id,
      customer_id
    ) as linked_invoice_line_item_id
  ,
    if(lower(presentment_currency) in ('bif', 'clp', 'djf', 'gnf', 'jpy', 'kmf', 'krw', 'mga', 'pyg', 'rwf', 'vnd', 'vuv', 'xaf', 'xof', 'xpf'), cast(presentment_amount as decimal(18, 0)), cast(0.01 * presentment_amount as decimal(18, 2))) as decimalized_amount,
    case when debit in (select * from unbilled_ar_accounts) OR credit in (select * from unbilled_ar_accounts) then true else false end AS is_unbilled
  from revenue_recognition_debits_and_credits
)


, raw_net_changes as (
  select
    debit as account,
    debit_gl_code as gl_code,
    debit_account_type as account_type,
    decimalized_amount as presentment_raw_net_change,
    *
  from formatted_changes
  union all
  select
    credit as account,
    credit_gl_code as gl_code,
    credit_account_type as account_type,
    -decimalized_amount as presentment_raw_net_change,
    *
  from formatted_changes
)

, net_changes as (
  select
    (case when account_type in ('Assets', 'ContraRevenue', 'Expenses', 'Losses')
      then presentment_raw_net_change else -presentment_raw_net_change end) as presentment_net_change,
    *
  from raw_net_changes
)


, ungrouped_results as (
  select
    presentment_currency,
  	accounting_period,
    linked_invoice_line_item_id as transaction_model_id,
    account_type,
    account,
    gl_code,
    booked_date,
    invoice_id,
    line_item_id,
    invoice_item_id,
    charge_id,
    presentment_net_change
  from net_changes
  where
    account_type in ('Revenue', 'ContraRevenue', 'Expenses', 'Gains', 'Losses')
    and accounting_period >= date_format(timestamp '2024-02-01 00:00:00', '%Y-%m-%d')
    and accounting_period <= date_format(date_add('second', -1, timestamp '2024-03-01 00:00:00'), '%Y-%m-%d')
),
results as (
  select
    presentment_currency,
    accounting_period,
    transaction_model_id,
    account_type,
    account,
    gl_code,
    booked_date,
    arbitrary(invoice_id) as invoice_id,
    arbitrary(line_item_id) as invoice_line_item_id,
    arbitrary(invoice_item_id) as invoice_item_id,
    max(charge_id) as charge_id,
    sum(presentment_net_change * (case when account_type in ('Revenue', 'Gains') then 1 else -1 end)) as presentment_net_income
  from ungrouped_results
  group by presentment_currency, accounting_period, transaction_model_id, account_type, account, gl_code, booked_date
)

select
  accounting_period,
  presentment_currency,
  transaction_model_id,
  account_type,
  account,
  gl_code,
  booked_date,
  invoice_id,
  invoice_line_item_id as line_item_id,
  invoice_item_id,
  charge_id,
  presentment_net_income
from results
where
  presentment_net_income != 0

order by accounting_period, presentment_currency, transaction_model_id, account_type, account, gl_code, booked_date

  ) original
    left join charges on charges.id = original.charge_id
    left join invoices on original.invoice_id = invoices.id
    left join invoice_line_items on invoice_line_items.id = original.line_item_id

)