How to Read the Profit & Loss Report

What this does

Shows all income and expense accounts for a selected date range, calculating gross profit, operating profit, and net profit.

When to use it

Review monthly to understand business performance. Use it for tax filings and management accounts.

Step by step

1. Go to Reports → P&L
2. Set the Start Date and End Date
3. Click Run Report
4. Expand any category row to see individual accounts
5. Click Export to download as a spreadsheet