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
  • 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

Report Printing Options

  • 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.


Click View to preview the report or to download, select the preferred format (Excel/pdf) and click Download.

Learn more about generating reports.

Sample Report

Prior Year Comparison

P & L Cash Basis 


Updated on July 18, 2023

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