Profit & Loss
See your income and expenses for any period - your most important view of business performance.
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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.
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 view a single business or all of them combined.
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 individual transactions behind it.
Use the column selector 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.
Click Add filter to narrow the report by class or counterparty (vendor or customer). To drill into the transactions behind any line, click it directly - this opens the Transactions view filtered to that category and period.
Use the Export button to download the P&L as a CSV or Excel file, or share it directly with your accountant from the report toolbar.
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Was this helpful?