The profit and loss (P&L) report summarizes the revenues, costs, and expenses incurred during a specific period of time. A P&L report provides information about whether a company can generate profit by increasing revenue, reducing costs, or both.

How to open Profit and Loss Report:

• Go to the Report module in the left sidebar.
• Click on the Profit and Loss report button.

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• Here user can click on the Expand All option to expand all Undergroups to show all Accounts under it.

• Now, the user is able to Download or Email the profit and loss report in Excel and PDF format by clicking on the Export option.

• Also, users can select a custom date range for the Profit And Loss report by clicking on the Current Financial Year option.

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• In this report, you can check Gross Profit and Net profit Amounts.