Profit & Loss

See your income and expenses for any period - your most important view of business performance.

The Profit & Loss (P&L) report shows how much money your business made and spent over a given period. It's the primary report for understanding whether your business is profitable.

Go to Accounting → Profit & Loss. The report defaults to last year, broken down by month.

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Change the date range

Use the date picker to select any period. Presets include: this/last month, this/last quarter, this/last year, year-to-date, last 12 months, and last 30/60/90 days.

If you have multiple entities, use the entity dropdown to switch between them. The report shows one business at a time. To see your businesses side by side, choose By entity in the column selector.

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What you're looking at

The report is organized into:

• Income - all revenue that came into the business
• Cost of Goods Sold - direct costs associated with your revenue (if applicable)
• Gross Profit - income minus cost of goods sold
• Expenses - operating costs broken out by category
• Net Income - what's left after all expenses

Click any line item to drill into the General Ledger, the complete transaction-by-transaction record behind your reports, filtered to that account and period.

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Columns and comparisons

Use the column selector to show a single Total only column, or to break the report down by month, quarter, year, or entity. Use the Compare dropdown to add a comparison to the previous period or previous year, with variance shown as a dollar amount or percentage.

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Filters

Click Add filter to narrow the report by class or counterparty (vendor or customer).

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Export

Use the download button in the top right to export the P&L as .xlsx or .pdf.