The Profit and Loss Report provides a summary of your organization’s financial performance over a specific period. It shows how revenue is transformed into net profit or loss by subtracting all relevant expenses.
Key sections include:
Revenue: Income from sales or services.
Cost of Goods Sold (COGS): Direct costs of producing goods or services.
Operating Expenses: Salaries, rent, utilities, etc.
Net Profit (or Loss): Final earnings after deducting all expenses.
To Access:
Go to the "Profit and Loss" tab directly from the navigation bar in your app. You can choose filters such as date range, accounting period, or specific entities if available.
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