diff --git a/bin/hledger-report1.hs b/bin/hledger-report1.hs
new file mode 100755
index 000000000..4577e8b29
--- /dev/null
+++ b/bin/hledger-report1.hs
@@ -0,0 +1,58 @@
+#!/usr/bin/env stack
+-- stack runghc --verbosity error --package hledger --package hledger-lib --package text --package safe 
+--  ^ use a local source hledger (in case you need the latest)
+-- -- stack script --compile --resolver nightly-2023-10-13 --verbosity info --package hledger --package text
+-- --  ^ or use a released hledger from stackage
+
+-- A custom compound report - like incomestatement but with different
+-- subheadings/subreports. More verbose and haskelly than
+-- hledger-report1.sh but also more robust and powerful.
+
+{-# LANGUAGE OverloadedStrings, PackageImports #-}
+
+import Hledger.Cli.Script
+import qualified "text" Data.Text as T
+import qualified "text" Data.Text.IO as T
+
+cmdmode = hledgerCommandMode (unlines
+    -- Command name, then --help text, then _FLAGS; empty help lines get stripped:
+  ["report1"
+  ,"A custom compound report - like the incomestatement command but easier to  customise."
+  ,"Usage: hledger-report1 [OPTS] [ARGS]"
+  ,"or:    hledger report1 -- [OPTS] [ARGS]"
+  ]) [] [generalflagsgroup1] [] ([], Just $ argsFlag "[ARGS]")
+
+main = do
+  opts@CliOpts{reportspec_=rspec} <- getHledgerCliOpts cmdmode
+  withJournalDo opts $ flip compoundBalanceCommand opts $
+    -- define the custom report
+    -- see https://hackage.haskell.org/package/hledger/docs/Hledger-Cli-CompoundBalanceCommand.html
+    -- and https://hackage.haskell.org/package/hledger-lib-1.31/docs/Hledger-Query.html
+    CompoundBalanceCommandSpec {
+      cbcdoc      = "report1 help text",
+      cbctitle    = "Report1 Statement",
+      cbcqueries  = [
+         CBCSubreportSpec{
+          cbcsubreporttitle="Revenues"
+         ,cbcsubreportquery=Type [Revenue]
+         ,cbcsubreportoptions=(\ropts -> ropts{normalbalance_=Just NormallyNegative})
+         ,cbcsubreporttransform=fmap maNegate
+         ,cbcsubreportincreasestotal=True
+         }
+        ,CBCSubreportSpec{
+          cbcsubreporttitle="Operating Expenses"
+         ,cbcsubreportquery=And [Type [Expense], Acct $ toRegex' "Operating"]
+         ,cbcsubreportoptions=(\ropts -> ropts{normalbalance_=Just NormallyPositive})
+         ,cbcsubreporttransform=id
+         ,cbcsubreportincreasestotal=False
+         }
+        ,CBCSubreportSpec{
+          cbcsubreporttitle="Other Expenses"
+         ,cbcsubreportquery=And [Type [Expense], Not $ Acct $ toRegex' "Operating"]
+         ,cbcsubreportoptions=(\ropts -> ropts{normalbalance_=Just NormallyPositive})
+         ,cbcsubreporttransform=id
+         ,cbcsubreportincreasestotal=False
+         }
+        ],
+      cbcaccum     = PerPeriod
+    }
diff --git a/bin/hledger-report1.sh b/bin/hledger-report1.sh
new file mode 100755
index 000000000..41dabdab1
--- /dev/null
+++ b/bin/hledger-report1.sh
@@ -0,0 +1,14 @@
+#!/usr/bin/env bash
+# A custom compound report - like incomestatement but with different
+# subheadings/subreports. A bit hacky but quick and short.
+# See also hledger-report1.hs.
+
+echo "Report1 Statement `date +%Y-%m-%d`"
+printf "\nRevenues\n"
+hledger bal expr:"type:r and $@" | tail +2
+printf "\nOperating Expenses\n"
+hledger bal expr:"type:x and operating and $@" | tail +2
+printf "\nOther expenses\n"
+hledger bal expr:"type:x and not:operating and $@" | tail +2
+printf "\nGrand Total\n"
+hledger bal expr:"type:rx and $@" | tail -1
diff --git a/bin/hledger-script-example.hs b/bin/hledger-script-example.hs
index 3b52c64fd..2a419061d 100755
--- a/bin/hledger-script-example.hs
+++ b/bin/hledger-script-example.hs
@@ -104,12 +104,12 @@ execute permission, and start tweaking the code.
 
 Requirements:
 
-This is a stack script, requiring stack to run. hledger addons do not
-have to be stack scripts, but this one is, as they work well for this.
-If you prefer you can adapt it to be a cabal script, or you can
-install the required haskell libraries (see above) and then
-run/compile it with a suitable runghc/ghc command.
-The script may require specific versions of the libraries.
+This is a stack script, best run or compiled with stack.
+Once compiled it doesn't require stack.
+If you prefer you can adapt it to be a cabal script,
+or you can manually install the required haskell libraries
+(see above) and then run/compile it just with ghc or runghc.
+
 If run/compiled from inside the hledger source tree, it will use that hledger
 version and the libs of the stackage resolver in stack.yaml.
 If run/compiled from outside the hledger source tree, it will use the hledger