P and L Statement

From the main Accounting page you can generate a Profit and Loss statement. Click on the “Generate P&L Statement” button at the top right of the list of transactions.

You will be presented with a P&L statement for the full year that you are currently viewing. You can adjust the date range of the report by adjusting the “From” and “To” date fields either by entering a date or using the calendar widget. Click the “Update” button to regenerate the P&L statement.

The P&L statement will show you a break down of your income, expenses and profit for the selected time period.

Each line in the report is grouped by the category of income or expenses that you recorded them against (either standard or custom categories). Numbered items correlate to categories on the IRS Schedule F Form 1040 and any custom categories you entered will be listed with out numeric references.