This is a report of your income, cost of sales, expenses, other income, other expenses for the selected month(s)
Report Tip: If you are using a 13th accounting period, run the report twice, once for 12 periods and again with the 13th period. Since many 13th period entries are non-operational, you may get a clearer picture of your business operations with a 12-month P&L.
To select multiple months, click and drag the month selector in the Report Customization window.
More Details about the Profit & Loss Report
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Income |
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Sales |
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Retail Sales |
$5,318.00 |
||||
Wholesale Sales |
$1,567.50 |
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Consignment Sales |
$2,000.00 |
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Total Income |
$8,885.50 | ||||
Cost of Sales |
|||||
Retail Cost of Sales |
$3,419.31 |
||||
Wholesale Cost of Sales |
$1,001.33 |
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Total Cost of Sales |
$4,420.64 | ||||
Gross Profit |
$4,464.86 | ||||
Expenses |
|||||
Car & Truck Expenses |
$100.00 |
||||
Freight Paid |
$48.95 |
||||
Insurance (other than health) |
$45.00 |
||||
Interest |
|||||
Other Interest |
$750.00 |
||||
Legal & Professional Services |
$178.90 |
||||
Lease Expenses |
|||||
Machinery & Equipment |
$100.00 |
||||
Other Business Property |
$12.00 |
||||
Supplies |
$150.00 |
||||
Taxes |
$50.00 |
||||
Travel, Meals & Entertainment |
|||||
Meals & Entertainment |
$1,000.00 |
||||
Utilities |
$450.00 |
||||
Wages Paid |
$750.00 |
||||
Other Expenses |
|
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Total Expenses |
$3,634.85 | ||||
Operating Profit |
$830.01 | ||||
Other Income |
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Other Expenses |
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Net Profit/(Loss) |
$830.01 | ||||
Profit & Loss Report - Sample Report