Why do I need to look at the income statement?
The income statement is very important to any company or enterprise, it mainly shows the company's operating performance, profit or loss. The income statement is closely related to the company's operating costs, profits or losses. Through this report, we can see the proportion of each part of the expenditure to the turnover and use it to analyze the reasons for the increase or decrease in profits. The company can find out the reasons and formulate strategies through analysis, optimize the company's operating structure, and increase profit margins.
We have two types of Income Statements (Profit and Loss Report)
Type 1: Filter by financial date range
To use it, just follow these steps:
1. Set the date and period you want to view.
2. By setting the specific period it will show how much is the net profit or loss in the report during the specific period.
3. In addition, users can export or print the report, by clicking the 3 dot symbols on the top right. There are two options: Export (Excel) and Print.
Type 2: Report Break by month (Please contact customer support to enable this feature for you)
1. If you want to view the break by month, go to the filter button
2. It will bring you to the filter side navigation, and from there you can enable the "Break by Month" by clicking the toggle button, and then clicking the "Apply" button.
3. Your Profit and Loss report should now look something like this.
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