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
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.
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
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.