Profit & Loss

The Profit & Loss report is a financial statement that summarizes the revenue, costs, and expenses incurred by a business over a specific period. It provides valuable insights into the business’s financial health and helps the management make informed decisions.

Use case

The Profit & Loss report is useful for businesses to assess their profitability, analyze revenue and expenses, and identify areas for cost-cutting or revenue growth.

Instructions

1. Go to Reports>Accounting>Profit & Loss
2. Select the desired Year which you want to generate the report.
3. Click on Generate Report and wait for the report to load.
4. Analyze the report to understand your business’s revenue and expenses.
5. Download the report as needed.