Profit & Loss
How much you actually made over a period — income minus expenses, ending in your net profit or loss.
Reports → Profit & Loss is the report owners reach for first: it lays out your income against your expenses for a chosen period and ends with the number everyone wants — your net profit or loss. Direct and indirect heads are grouped so you can read gross margin and net result at a glance.
How to use it
- 1
Pick the period
A month, a quarter, a year — the date range chip drives the whole statement.
- 2
Read top to bottom
Income first, then the expenses that ate into it, then the profit (or loss) that remains.
- 3
Drill into anything surprising
Click a head to open its Account Ledger and trace the entries behind the figure.
- 4
Export or print
Hand a clean copy to your accountant, or keep it for your records.
Profit is not cash
A healthy profit does not always mean money in the bank — unpaid invoices and stock tie up cash. Read this alongside Cash flow for the full picture.
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