# 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. {% embed url="" %} *** ### 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](/common-workflows/transactions.md) 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.