Profit and Loss Report: Difference between revisions
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The report is the total of all [[Profit and Loss Accounts]] from the start to end of the reporting period and shows: | The report is the total of all [[Profit and Loss Accounts]] from the start to end of the reporting period and shows: | ||
* [[Financial | * [[Financial Revenue]] | ||
* [[Financial | * [[Financial Expenses]] | ||
The total of these | The total of these indicates the overall profit or loss of the business within the reporting period. | ||
This report is primarily used to determine the profitability of the business. | This report is primarily used to determine the profitability of the business. | ||
Revision as of 17:29, 20 April 2017
The Profit and Loss Report is an income statement for the business for a reporting period of month, quarter or year. By contrast, the Balance Sheet Report is for a specific point in time.
The report is the total of all Profit and Loss Accounts from the start to end of the reporting period and shows:
The total of these indicates the overall profit or loss of the business within the reporting period.
This report is primarily used to determine the profitability of the business.