Statement of Profit or Loss Tutorials

The Statement of Profit or Loss provides an overview of an organisation’s profitability during a selected period. Data can be viewed monthly, annually, or for custom dates.

Navigation Example: Main Menu > Accounting > Financial Reporting > Menu (button) > Statement of Profit/Loss

These tutorials explain how to view and filter a Statement of Profit/Loss.

How to Display a Statement of Profit/Loss 

1. Navigate to Main Menu > Accounting > Financial Reporting.
2. Click Menu (button) > Statement of Profit/Loss. 
3. Adjust the Date or Entity as required.
4. Click View (button).

How to Display a Statement of Profit/Loss for a Specific Period 

1. Navigate to Main Menu > Accounting > Financial Reporting.
2. Click Menu (button) > Statement of Profit/Loss.
3. Select an option next to Set from this list:
   • User Date
   • Month
   • Year
   • Fin Year
   • Fin Year (Months)
4. Adjust the dates in the Date… to fields by clicking the dates and selecting new dates from the calendar (if required).
5. Click View (button).

How to Display a Statement of Profit/Loss for a Specific Entity

The option to select an entity is only displayed if you have created more than one Registered Entity.

1. Navigate to Main Menu > Accounting > Financial Reporting.
2. Click Menu (button) > Statement of Profit/Loss.
3. On the dropdown list next to Entity, select the applicable Entity or All to display all entities.
4. Click View (button).

How to Open a Ledger Account 

1. Navigate to Main Menu > Accounting > Financial Reporting. 
2. Click Menu (button) > Statement of Profit/Loss. 
3. Set the filters as needed.
4. Click View (button).
5. Right click any entry and select Open Detailed Ledger from the context menu.