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Profit & loss standard report

How do I create this report?

Go to the Reports menu, click Company & Financial, and then click Profit & Loss Standard.

What this report tells you

This report is also known as an income statement. It summarizes your income and expenses for the month, so you can tell whether you're operating at a profit or a loss. The report shows subtotals for each income or expense account in your chart of accounts. The last line shows your net income (or loss) for the month.

To see a list of the transactions that make up an amount, double-click the amount.

Date range

The default date range is for the current month to date. You can show profit and loss for a different date range by choosing another date range from the Dates drop-down list.

What do the different date ranges mean?

Ways to customize this report

Compare financial data from previous periods

Compare financial data from previous periods

See also

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