The period Profit and Loss report displays your sales, purchases, expenses, and overheads. It pulls figures from the values of each nominal code in your chart of accounts.
Cause
Resolution
To run the period Profit and Loss report:
Go to Nominal codes then selectProfit & loss.
SelectPreviewthen clickRun.
Select the required period and chart of accounts, then clickOK.
In the example below, the Sales calculate, then Purchases and Direct Expenses deduct to give a Gross Profit/Loss. The overheads then deduct to give the Net Profit/Loss.
