We divide the accounting into two parts called result and balance. The first two accounts in the accounting make up the balance. Those accounts are 1 Assets and 2 liabilities/equity. The accounts from 3 to 8 show the income and expenses in your accounting, and they show the result in the accounting.
A result can show both a negative sum or a positive sum. It can vary a bit from program to program, whether they show deficit or surplus as negative. Therefore, it can be a bit difficult to see what is correct. But if the income is higher than expenses, it is a surplus.
What is an income statement?
When we talk about income statement, it is a part of the annual financial statements and therefore relevant for those who are subject to accounting obligations.
An income statement shows an overview of income and expenses in a company during a financial year or for a period such as a month. This is similar to finding the result in the accounting program, but this is part of the annual financial statements of your company.