Read the Profit & Loss report
Separate sales margin from other income, expenses and net profit.
Reviewed 9 October 2026
WHERE TO GO
Reports → Income Statement
Step by step
Set the date range for the period you want to review.
Start with Net sales and Cost of goods sold to understand Gross profit or loss.
Review Other income and Operating & other expenses.
Switch between Summary and Account detail.
In Account detail, open an account name to inspect its ledger.
Check Net profit or Net loss at the bottom.
What to check
- The period’s result includes the recorded income and expenses, not just invoice margins.
Things to know
- Profit is not the same as the cash available in the bank.
- Use the same date range when comparing this report with sales, expenses or claims.