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Nov
17
2015

Profit and Loss Report

Defining a “Profit & Loss” Report (P&L)

The “Profit & Loss” statement is a summary of the financial performance of a business during a time interval whether if it’s  (“Monthly”, “Quarterly” or “Annually” is the most common). It works on reflecting the previous performances of the business and most of the time is used oftenly by small business owners showing a disclosure of how to track their businesses performances.
Accessing the “Profit & Loss” report (P&L):
  1. Through the “Reports” tab, Select the “Accounting Reports” option.
  2. click the “Profit &  Loss” button.
pandl
  1. Select a “Period” whether it is: “Monthly”, “Quarterly” (3 months) or “Yearly”.
  2. “Income”: Select to include only paid invoices in the “Income” or all the invoices.
  3. “Date Range”: Select a “Date Range”.
  4. “Currency”: Select a “Currency”.
Click “Show Report” to generate the report.
profit and loss report
 Once the report is generated you can Export it to “CSV”,“PDF” file or “Print” it.

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