The Profit and Loss report also traditionally known as the Income Statement report. This report gives you a breakdown of income and expenditure and company profit/loss.

1. Click Reports and then Financial Statements.
2. Click Profit and Loss.
3. Select Yearly.
4. Select your current financial year.
5. Choose if you wish to see the report with the cost of sales based on purchases or sales.
6. Choose if you wish to group the report by Month/Qtr/Year or Analysis Codes.
7. By Display select reporting group detail.
8. Click View Report.
9. At the top right, choose to send the report to PDF, XLS, CSV, printer or email.