Step by step
- Open Accounting > Profit/Loss. The report opens for all dates.
- If you have more than one business, choose it in Business and then a Branch, or leave All.
- Pick From Date and To Date and press Apply. With only From Date the report shows that one day.
- The top boxes show Net Sale, Gross Profit (or Gross Loss), Total Expense, Total Incomes and Net Profit (or Net Loss).
- The Gross Profit card: Total Sale less Total Sales Return gives the Net Sale; less the Sold Product Total Unit Cost it gives the Gross Profit. These amounts are without tax (Exc. Tax).
- The Net Profit card starts from the Gross Profit, takes off Total Stock Adjustment, Total Expense, Total Expense By Payroll and Total Stock Issue, and adds Total Stock Adjustment Recovered and Total Incomes.
- Tick Hide zero rows to hide the lines that are 0. Reset clears the filters and loads the report again. Print prints the report with the chosen filters.
Good to know
- A deduction is shown in red with (-). A loss is shown in red with a minus sign.
- Total Expense counts the expense vouchers and journals booked to expense accounts; Total Incomes counts the income vouchers and journals booked to income accounts.
- The cost of a sold product is the purchase cost of the stock that was sold. The cost of returned items is taken off again.
- Only final sales are counted; drafts and orders are not.
- A user who cannot see all locations sees only the figures of their own location, and the Business and Branch filters are hidden.
- Hide zero rows is remembered in this browser and works on the other account reports too.