Reports
Profit and Loss and Expense Summary
Compare the money you received with what you spent, month by month, and review every expense by category.
Profit and Loss puts the money you received next to what you spent, for each month, so you can see what you kept. It uses the same rules as your dashboard, so the figures agree.
Open the report
- Open Reports and select Profit and Loss under Finance.
- Set From, To and one Currency. It starts with the last six months, one row per month.
You're done when you see total revenue, total expenses and net profit for the range at the top.
What it shows
| Column | What it includes |
|---|---|
| Revenue | Payments received in the month, less refunds made that month |
| Expenses | Approved and paid expenses, by expense date |
| Profit | Revenue minus expenses for the month |
Draft, waiting and rejected expenses are left out. This is a report for running your business day to day, not a formal accounting statement.
Expense Summary
Select Expense Summary to see every expense in the period by category, whatever its status. It is often higher than the expenses in Profit and Loss; the difference is expenses that are not yet approved or paid.
What to do with it
- Revenue looks low: open Finance › Payments for that month and check for refunds.
- Expenses look low: check for expenses still in draft or waiting for approval.
- A category jumped: open those expenses and check for duplicates or the wrong category.