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The Profit & Loss statement (also called the Income Statement) shows how much the business earned and spent over a period, and the net result. It answers “did we make a profit, and where did it come from?” by laying revenue against expenses for the dates you choose. You’ll find this at: /accounting/reports/profit-and-loss
📷 Screenshot: Profit & Loss with Revenue on the left, Expenses on the right, and the net-result summary — to be added.

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When to use it

  • At month-, quarter-, or year-end to report performance.
  • To see which revenue streams and which expense categories drove the result.
  • To compare periods by running the same report over different date ranges.

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How to run it

The Profit & Loss summarises activity over a period, so it takes a date range.
  • Period (From / To) — set the start and end dates. It defaults to the current month.
Pick the range directly or use a period preset where available. The report refreshes automatically; a Refresh button re-pulls the latest figures.

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Reading the report

The statement is shown in two columns:
  • Revenue (left) — income accounts, indented to follow your chart, each with its code, name, and amount. The section header shows Total Revenue.
  • Expenses (right) — expense accounts, laid out the same way, with Total Expenses in the header.
Group (parent) accounts roll up the accounts beneath them; the section totals are taken from the individual (leaf) accounts so nothing is double-counted. Accounts with no activity in the period are omitted.

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Net result

The summary at the top of the report shows:
  • Total Revenue
  • Total Expenses
  • Net result — revenue minus expenses. A positive figure is a profit; a negative figure is a loss.
This net result is what flows into Retained Earnings on the Balance Sheet and seeds Net Income at the top of the Cash Flow statement, so all three reports tell a consistent story for the same period.
📷 Screenshot: The Revenue and Expense totals with the net-result figure — to be added.

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Exporting

Export offers CSV, Excel (.xlsx), and PDF. The export lists each account under Revenue or Expense with its code, name (indented by depth), and amount, followed by Total Revenue, Total Expenses, and Net Result. The PDF carries your business name and the period in the header.

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Tips and gotchas

  • Nothing showing? Confirm the active business points at the right book and that the date range actually contains posted transactions.
  • The Profit & Loss reflects posted activity within the period.
  • To attribute results to a department, branch, or project, use the Cost-Center P&L, which runs the same statement scoped to one cost center.
  • For a closed/locked period, the figures come from the frozen snapshot taken at close.