How to create a custom Income Statement with Gross profit grouped by class

AI generated answer (using internal Slack threads):

To create a custom Income Statement with Gross profit grouped by class, you would need to create a custom financial report. Here are the steps: 1. Navigate to Reports > New Report. 2. Select Financial Statement under Report Type. 3. Under Settings, select Income Statement as the Base Statement. 4. Under Columns, select Class as the column to be displayed. 5. Under Rows, you can select the accounts you want to display. You can also create a formula to calculate Gross Profit (Sales - Cost of Goods Sold). 6. Save the report. However, please note that NetSuite's native financial reporting tool may not allow you to group results in a header/summary or formula row by class. You might need to create separate financial categories for each class instead of using the group by function. Alternatively, you can display columns by class and get the totals and grouping done that way. If you want to build an Income Statement using custom fields instead of the Account native fields, you might want to look into third-party tools like Solution7, which might be a better tool than the native financial reporting tool. Please note that this process might require a lot of work and might not meet your exact requirements. It's recommended to test this in a sandbox environment before implementing it in your live account. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******