Profit and Loss Report


This report summarizes the revenues, costs, and expenses incurred during a specific period of time – usually a fiscal quarter or year. These records provide information that shows the ability of a company to generate profit by increasing revenue and reducing costs.

To access this report, go to Reports > Accounting > Profit & Loss

Report Filters

Date Range: The date range options you have are All Dates, Last Month, Last Year, This Month, This Year. You can override the date range  via the from/to boxes to the right

Report Printing Options

Accounting: You can generate the Profit & Loss Report for two types of accounting: cash basis or accrual basis.

For US firms, this setting will default to cash basis, for Canadian firms, this will default to Accrual basis. You can override your default accounting method under Setup > Firm Settings > Accounting

Include zero balance accounts: Checking this option will include those income and expense accounts which have 0.00 balances. This is unchecked by default

Include prior year comparison: Checking this option will show amounts from the prior year as well and dollar and percentage difference. This is unchecked by default


Preview Report

Once your filters are set, to preview the report, click the View button at the top right of the window.

Export or Print Report

You can export all reports to either pdf or excel. 

To do so, select the format you want, in the ‘Print as’ field, then click Download

This will save the report to your default downloads location where you can then print, or save to another location. 

Sample Report

Updated on September 30, 2019

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