Profit and Loss Report

What is the Profit and Loss Report?

The Profit and Loss Report (P&L) summarizes sales and purchases quarterly. It also helps you understand your company’s financial position during a specified time.

It shows how well your business generates sales, manages costs, and creates profits. 

You can monitor cash flow, plan budgets, and prepare financial statements. A profit and loss report includes the quarterly sum of income, expenses, and net profit.

To get the Profit & Loss report:

• Go to Reports on the Navigation Menu.
• On the Reports page, go to the Accounting section.
• Click Profit & Loss.
• On the Profit & Loss report page, you can use the filters to set the following:
  • Financial year
  • Basis: Accrual or Cash

• After entering your preferred filters, hit the Enter Key on your keyboard to refresh and view an updated report.

You can Print or Export the report from the top left corner of the page.