Profit & Loss

The Profit & Loss (P&L) report shows how much money your business made and spent over a given period. It's the primary report for understanding whether your business is profitable.

Go to Accounting → Profit & Loss. The report defaults to last year, broken down by month.

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Change the date range

Use the date picker to select any period. Presets include: this/last month, this/last quarter, this/last year, year-to-date, last 12 months, and last 30/60/90 days.

If you have multiple entities, use the entity dropdown to view a single business or all of them combined.

What you're looking at

The report is organized into:

• Income - all revenue that came into the business
• Cost of Goods Sold - direct costs associated with your revenue (if applicable)
• Gross Profit - income minus cost of goods sold
• Expenses - operating costs broken out by category
• Net Income - what's left after all expenses

Click any line item to drill into the individual transactions behind it.

Columns and comparisons

Use the column selector to break the report down by month, quarter, year, or entity. Use the Compare dropdown to add a comparison to the previous period or previous year, with variance shown as a dollar amount or percentage.

Filters

Click Add filter to narrow the report by class or counterparty (vendor or customer). To drill into the transactions behind any line, click it directly - this opens the Transactions view filtered to that category and period.

Share or export

Use the Export button to download the P&L as a CSV or Excel file, or share it directly with your accountant from the report toolbar.