The Profit & Loss (P&L) report shows your total income, expenses, and net profit for any period. It's the most important report for understanding business health.
Running the P&L Report
- Go to Reports → Profit & Loss.
- Select the Start Date and End Date.
- Optionally enable Compare to Previous Period to see growth.
- Tap Generate Report.
- Tap Export to download as PDF or CSV.
Understanding the Report Structure
| Section | What It Shows |
|---|
| Revenue | All income from sales and services |
| Cost of Goods Sold | Direct costs of products sold |
| Gross Profit | Revenue minus cost of goods |
| Operating Expenses | Rent, salaries, utilities, etc. |
| Net Profit / Loss | Gross profit minus operating expenses |
Click any line item to drill down and see the individual transactions that make up that total.
Balance Sheet
The Balance Sheet shows your financial position at a specific date — what you own (assets), what you owe (liabilities), and the difference (equity).
- Go to Reports → Balance Sheet.
- Select the As of Date.
- Tap Generate. Assets must equal Liabilities + Equity.
If your balance sheet doesn't balance, check for unposted journal entries or missing opening balances. Contact support if the issue persists.