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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

To get a quick comparison

Create one of these reports:

These two preset reports automatically provide yearly comparisons.

Create a customized comparison

To do this task

  1. Create a profit and loss, balance sheet, time, or custom summary report.

  2. Click Customize Report at the top of the report.

  3. Click Report Dates drop-down list and choose the date range you want to compare.

  4. Select the Previous Period checkbox, the Previous Year checkbox, or both.

  5. (Optional) For each comparison, select the $ Change checkbox, the % Change checkbox, or both.

    When you select these checkboxes, the report displays the dollar change or percentage change from the previous period or year.

    Note: On time reports, there is an Hour Change checkbox instead of a $ Change checkbox.

  6. Click OK.

See also

See also

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