How do I create an income statement in Business Central?

Search for Financial Reports, create a new report (or copy an existing one), define the rows by inserting accounts from your chart of accounts, define the columns for the periods or comparisons you want, then preview, print, or export the report. No developer is required.

What happened to Account Schedules in Business Central?

Account Schedules was renamed to Financial Reporting starting with the 2022 release wave 2 update. The underlying functionality is the same, but the feature is now organized around Financial Reports, Row Definitions, and Column Definitions as separate, reusable pieces.

Can I build an income statement without a developer?

Yes. Financial Reporting is a no-code, self-service feature intended for accounting and finance users, not developers.

Can Business Central email a financial report automatically on a schedule?

Yes, as of the 2025 release wave 2 update, you can schedule a financial report to run automatically and have the output delivered by email or to the report inbox.

Do I still need Jet Reports or another third-party tool for a custom income statement?

Not necessarily. Native Financial Reporting now covers most formatting needs, including company logos, intro/closing paragraphs, and Excel template integration. Third-party tools like Jet Reports are still worth considering for highly complex, branded, or multi-entity statements, but they're no longer a requirement for a professional-looking income statement.

How do I compare actuals to budget on an income statement?

Create G/L budgets first, then in your column definition, set Ledger Entry Type to Budget Entries and specify the Budget Name. You can add a formula column to calculate the variance between actual and budget columns.

How to Create a Custom Income Statement Report in Business Central?

Sarbin Kumar Mukhiya Published: Jun 8, 2026 Updated: Jul 15, 2026 15 mins read Business central

Sarbin Kumar Mukhiya

Sarbin Kumar Mukhiya is a Senior Dynamics 365 Solution Specialist with over 10 years of professional experience in auditing, taxation, accounting, and ERP consulting. Combining a strong financial background with deep expertise in ERP technologies, he specializes in implementing and optimizing Microsoft Dynamics 365 Business Central solutions that help organizations streamline operations, improve efficiency, and support digital transformation initiatives. Before transitioning into ERP consulting, Sarbin built a solid foundation in financial reporting, compliance, and auditing while working as an Audit Associate in a Chartered Accountants firm. He holds several industry-recognized certifications, including Microsoft Certified: Dynamics 365 Business Central Functional Consultant Associate, Continia Document Capture Fundamentals, Continia Expense Management Fundamentals, and the Tasklet Implementation Certificate. His expertise spans ERP implementation, solution consulting, quality assurance, business process optimization, and finance-driven technology solutions.

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How to Create a Custom Income Statement Report in Business Central?

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