The Profit and Loss report helps you understand your business's financial performance by summarizing your income, expenses, and net profit. This guide explains how to access and interpret these reports.
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Go to Reports
- From your dashboard, navigate to the "Reports" section.
- From your dashboard, navigate to the "Reports" section.
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Click on Profit and Loss
- Select "Profit and Loss" to access the report.
- Select "Profit and Loss" to access the report.
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Filter by Date
- Use the "From" and "To" date fields to set the period you want to review.
- Use the "From" and "To" date fields to set the period you want to review.
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Select Income Type
- Choose between "Billed (Accrual)" or "Collected (Cash-based)" from the income type dropdown.
- Choose between "Billed (Accrual)" or "Collected (Cash-based)" from the income type dropdown.
- Select Currency
- Select which type of currency you need
- Group By option
- Choose either Monthly or Quarterly option
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View Detailed Summary
The report will display a detailed summary including:-
- Income (Billed)
- Sales
- Cost of Goods Sold
- Gross Profit
- Expenses
- Various expense categories (e.g., Advertising, Fuel, etc.)
- Net Profit
- Income (Billed)
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Export or Print
- You can export the report to a CSV file by clicking "Export CSV".
- Print the statement by selecting "Print Statement".
By following these steps, you can easily view and analyze your profit and loss reports, helping you make informed financial decisions for your business.