Profit & Loss (P&L)

Guides, permissions, workflows, and company operations.

The Profit & Loss report summarizes revenue and expenses over a date range.

What it answers

  • Are we profitable this month/quarter/year?
  • What are the largest expense categories?
  • Which income accounts drive revenue?

How it’s calculated (high level)

  • Revenue comes from posted income entries (e.g., invoices).
  • Expenses come from posted expense entries (e.g., expenses, bills if configured to post).
  • Totals roll up by the Chart of Accounts.
Tip
Use this alongside Aging reports to separate “book revenue” from “cash collected”.

Screenshots

Screenshot
Help screenshot
Placeholder image - replace with a real screenshot in a launch polishing pass.