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Profit & Loss Report

< 1 min read

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  1. Click Reports in the sidebar (under Insights) and click Profit & Loss.
  2. Choose the Period or From / To dates and set the filters:
    • Based On: Invoice Date, Payment Date, Created Date or Due Date.
    • Category: for example Labour, Parts or Tyres.
    • Invoice Status: which invoice statuses to count.
    • More filters: show values Excluding VAT, Including VAT or Both, and the currency.

    Click Filter.
    Profit And Loss Report With Filters And Summary Cards

  3. The cards show Net sales, Cost of sales, Gross profit, Operating expenses and Net profit with margins. Below are a daily chart, margins, credit note adjustments and profit by category.
  4. Use the tabs Overview, Categories, Documents, Items and Expenses to see the figures behind the totals.
  5. Scroll down to the P&L statement for the formal summary: gross sales, discounts, net sales, credit notes, cost of sales, gross profit, operating expenses and net profit.
    P&L Statement Table In The Profit And Loss Report
  6. Click Export PDF or Print at the top right to keep a copy.

Note: if lines have no stored cost price, a yellow warning says profit may be overstated. Click Review affected items to see them and add cost prices to your items.

See also: Profit & Margin Report · VAT Summary · Cashflow Report

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