This is a report of your income, cost of sales, expenses, other income, other expenses for the selected month(s)
This report can be displayed using the cash basis or accrual basis accounting method. (Cash basis versus accrual basis reporting)
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.
Use this report for:
Monthly Reports
Overview Reports for Your Bank
Analyzing Income and Expenses