Income Statement (Profit & Loss)
An automatic income statement that categorizes your accounts into income and expense sections and calculates net profit or loss, with optional period comparison.
Purpose​
The Profit & Loss report provides a summary of your organization's revenues and expenses over a specified period, automatically calculating net profit or loss. It is generated entirely from account types -- no manual configuration of report lines is needed.
Generating the Report​
Navigate to Accounting > Reporting > Financial Reports > Profit & Loss to open the wizard.
Wizard Parameters​
| Parameter | Description |
|---|---|
| Company | Company to report on (required) |
| Date From / Date To | Reporting period (required) |
| Target Moves | Posted Entries (default) or All Entries |
| Comparison Period | Enable comparison with a second period |
| Comparison Date From / To | Second period dates (when comparison is enabled) |
Click View Report to display the interactive view, Print PDF for a formatted document, or Export XLSX for a spreadsheet.
Report Structure​
The report is automatically structured into three sections:
| Section | Account Types Included | Calculation |
|---|---|---|
| Income | Income, Other Income | Credit - Debit (positive = income) |
| Expense | Expense, Depreciation, Cost of Revenue | Debit - Credit (positive = expense) |
| Net Profit / Loss | Calculated | Total Income - Total Expense |
Report Output​
| Column | Description |
|---|---|
| Section | Income or Expense |
| Code | Account code |
| Account Name | Account name |
| Amount | Balance for the reporting period |
The net profit or loss is displayed at the bottom of the report as a highlighted total row.
The Profit & Loss report is generated entirely from account types. No manual configuration of report lines is needed. Each account with matching types will appear automatically.
Comparison Period​
Enable the Comparison Period checkbox to add a second set of columns for a comparison period. This is useful for:
- Month-over-month performance analysis
- Year-over-year growth tracking
- Quarter-over-quarter trend identification
When comparison is enabled, the report shows both periods side by side for easy visual comparison.
Export Options​
- View Report -- Opens an interactive list view with sorting and searching
- Print PDF -- Generates a professional landscape A4 PDF with company branding
- Export XLSX -- Downloads a formatted Excel file with section highlighting
Contact SDLC Corp at sdlccorp.com/contact-us or email sales@sdlccorp.com