{"id":969,"date":"2023-04-11T15:39:22","date_gmt":"2023-04-11T12:39:22","guid":{"rendered":"https:\/\/akaunting.com\/hc\/docs\/reports\/profit-ezd_ampersand-loss-report\/"},"modified":"2023-04-24T10:57:58","modified_gmt":"2023-04-24T07:57:58","slug":"profit-and-loss-report","status":"publish","type":"docs","link":"https:\/\/akaunting.com\/hc\/docs\/reports\/profit-and-loss-report\/","title":{"rendered":"Profit and Loss Report"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">What is the Profit and Loss Report?<\/h2>\n\n\n\n<p>The Profit and Loss Report (P&amp;L) summarizes sales and purchases quarterly. It also helps you understand your company&#8217;s financial position during a specified time.<\/p>\n\n\n\n<p>It shows how well your business generates sales, manages costs, and creates profits.&nbsp;<\/p>\n\n\n\n<p>You can monitor cash flow, plan budgets, and prepare financial statements.&nbsp;A profit and loss report includes the quarterly sum of income, expenses, and net profit.<\/p>\n\n\n\n<p>To get the Profit &amp; Loss report:<\/p>\n\n\n\n<figure class=\"wp-block-video\"><video height=\"1080\" style=\"aspect-ratio: 1920 \/ 1080;\" width=\"1920\" controls src=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/11154703\/profit-and-loss.mp4\"><\/video><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Go to<strong> Reports<\/strong> on the Navigation Menu.<\/li>\n\n\n\n<li>On the Reports page, go to the <strong>Accounting<\/strong> section.<\/li>\n\n\n\n<li>Click <strong>Profit &amp; Loss.<\/strong><\/li>\n\n\n\n<li>On the Profit &amp; Loss report page, you can use the filters to set the following:\n<ul class=\"wp-block-list\">\n<li>Financial year<\/li>\n\n\n\n<li>Basis: Accrual or Cash<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/11154730\/profit-and-loss-1024x576.png\" alt=\"Profit and Loss Report report page\" class=\"wp-image-976\" srcset=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/11154730\/profit-and-loss-1024x576.png 1024w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/11154730\/profit-and-loss-300x169.png 300w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/11154730\/profit-and-loss-768x432.png 768w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/11154730\/profit-and-loss-1536x864.png 1536w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/11154730\/profit-and-loss.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>After entering your preferred filters, hit the <strong>Enter Key<\/strong> on your keyboard to refresh and view an updated report.<\/li>\n<\/ul>\n\n\n\n<p>You can <strong>Print<\/strong> or <strong>Export<\/strong> the report from the top left corner of the page.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/11154630\/print-export-1024x576.png\" alt=\"\" class=\"wp-image-974\" srcset=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/11154630\/print-export-1024x576.png 1024w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/11154630\/print-export-300x169.png 300w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/11154630\/print-export-768x432.png 768w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/11154630\/print-export-1536x864.png 1536w, https:\/\/assets.akaunting.com\/hc\/2023\/04\/11154630\/print-export.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>What is the Profit and Loss Report? The Profit and Loss Report (P&amp;L) summarizes sales and purchases quarterly. It also helps you understand your company&#8217;s financial position during a specified time. It shows how well your business generates sales, manages costs, and creates profits.&nbsp; You can monitor cash flow, plan budgets, and prepare financial statements.&nbsp;A [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":928,"menu_order":7,"comment_status":"open","ping_status":"closed","template":"","doc_tag":[],"class_list":["post-969","docs","type-docs","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs"}],"about":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/types\/docs"}],"author":[{"embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/comments?post=969"}],"version-history":[{"count":3,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/969\/revisions"}],"predecessor-version":[{"id":977,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/969\/revisions\/977"}],"up":[{"embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/928"}],"wp:attachment":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/media?parent=969"}],"wp:term":[{"taxonomy":"doc_tag","embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/doc_tag?post=969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}