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Profit and Loss Statement
Profit and Loss Statement
- Priyasri Subramaniam (Unlicensed)
- Farah S Noshirwani (Unlicensed)
Owned by Priyasri Subramaniam (Unlicensed)
Menu Path: Accounting > Financial Statement > Profit and Loss Statement
Profit and Loss Statement provides the computation for Gross Profit and Net Profit based on the GL Codes. To obtain the correct amount of Net Profit, the Trial Balance need to be balanced and all the Journal transactions should be correctly recorded from the beginning.
- Select the company and click on the Submit button.
- Select the Group By and Date Range for the Profit and Loss Statement to be extracted.
- Tick on the Option checkbox whichever applicable.
- Click on the Generate Report Now button. Upon clicking on the Generate Report Now button, the Profit and Loss Statement will be displayed below as shown in the following image:
Printable Page layout:
Printable Page: This format will be similar to the format displayed.
Printable Page 2: This format will break down the cost between GL Code Amount and GL Category Amount
Printable Page 3: This format will group the Sales and Expenses together and display total.
Printable Page 4: This format is similar to printable page 3 except the cost of goods sold portion is taken from Stock Flow Report
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