Profit and Loss

Profit and Loss

The Profit and Loss Report provides a detailed summary of your business's financial performance over a specific period. It includes the following components

To view this report

1. Navigate to the left sidebar and click on Reports.

2. Under the Business Overview section, select Profit and Loss.

3. Choose the desired date range by selecting the start and end dates in the Dates between fields

4. Click Run Report.

Different Components of the Report

Income	Revenue generated from your primary business activities.
Total Income	The sum of all income sources.
Cost of Goods Sold (COGS)	Direct costs attributable to the production of goods sold by your business.
Total Cost of Goods Sold	The total amount spent on producing the goods sold.
Gross Profit	The difference between Total Income and Total COGS.
Expense	Operating costs incurred in running your business.
Total Expense	The sum of all operating expenses.
Other Income	Revenue generated from non-operating activities.
Total Other Income	The sum of all other income sources.
Other Expense	Costs incurred from non-operating activities.
Total Other Expense	The sum of all other expenses.
Net Profit/Loss	The final financial outcome calculated as Gross Profit plus Total Other Income minus Total Expense and Total Other Expense.

1. You can select any account in the report to access its detailed summary. All values are calculated based on the specified time period.

2. You have the option to export the report in CSV, Excel, or PDF formats for convenient offline access.