Profit & Loss

What it does

The Profit & Loss report (also called an Income Statement) shows your total income minus total expenses for a given period, revealing your net profit or loss. It breaks down income and expenses by category.

Key actions

• View income and expenses broken down by category
• Compare periods side by side
• Filter by date range (monthly, quarterly, yearly, custom)
• Export as PDF or Excel
• Drill into any line item to see underlying transactions

Getting started

Go to Reports > Profit & Loss. Select a date range and the report generates in real time. Use the period comparison to spot trends.