This function allows you to generate your company Profit and Loss Statement. Profit and Loss Statement is used to show the performance of the company by a certain or specific period. It will be able to show if the company is making profit or loss by summarizing revenues, costs and expenses.
To access Profit and Loss Statement, click on the Accounting Menu > Reports > Profit and Loss Statement.
Generate and Print Profit and Loss Statement
1. Select the date that you wish to generate the Profit and Loss Statement.
2. Select Report Format. This will determine the results and presentation of the generated Profit and Loss Statement, either by Year, by Month, Yearly Comparison, Monthly Comparison etc.
3. Define your options. This will also determine the presentation of the Profit and Loss Statement.
4. Click on “Inquiry” button to generate the results.
5. The results will be generated based on your filters and options.
6. Click on the “Print Report” button to print report.
7. A small dialog will appear. Select Report Name and click “OK”.
8. The report will be generated based on your selection.
9. You can now print or export to the format that you want.
