Income vs Expense
Income vs Expense page is located under Reports > Income vs Expense menu. This report give you as a business owner a good idea of where your business profit stands, month by month and categorised.
The report is displayed under the default currency. Invoices, revenues, bills, and payments created under a different currency will be converted based on the currency rate at the time they were created.
All: Gives you the Accrual Flow summary which means it will combine the Paid and Upcoming summaries.
Paid: Gives you the Cash Flow summary that shows the funds moving in and out of your accounts based on the actual date of payment.
Upcoming: Gives you the Upcoming Flow summary that shows the funds that have not been paid, yet.
You may select the fiscal year and filter the paid, upcoming and all profit.