Profit and loss

Purpose

Print or review profit or loss for a period: sales, cost, and expenses, with optional comparison columns.
The menu name is Profit & Loss. The screen title is Income Statement.
It reads posted transactions and stock value. It does not post them.

No profit-and-loss report wizard. Ask “how to print profit and loss” for this chapter.
For a short answer from the books, say Profit this month. That chat answer is Ask the books. It is not this printable report.

Financial start period and conversion date are set.
Sales, purchases, expenses, and journals you care about are saved.
Month-end stock value is entered if you want opening and closing stock in the profit figure.
Optional Project exists.

Financial Report → Profit & Loss.
Choose Report Period:
This Month vs Last Month - This Year vs Last Year — four columns: this month, last month, year to date, last year.
This Month vs Last Year This Month — this month against the same month last year.
This Month vs This Year — month and year to date.
This Year vs Last Year — this year against last year.
This Year — this year only.
Comparison - Monthly — twelve month columns.
Comparison - Quarterly — four quarter columns.
Fixed Date — your own Start Date and End Date.
Set Date (as-at). For Fixed Date, set Start Date and End Date as well.
Optional Financial Year — tick it to pick a closed year from Financial Year instead of a calendar date. See Year-end closing.
Optional Include Zero Balance Account.
Optional Project. Clear with × for the whole company.
Click Search.
Expand All Sub Account / Collapse All Sub Account.
Click an amount on an account that has no sub-accounts. KinraSoft opens Ledger Report for that column’s dates. Click the amount, not the description. If you click the description, the message is Please click on the amount to drill down.
Print PDF or the Excel icon: Main Account Only or Includes Sub Account.
Profit on this report includes stock movement from Maintain Stock Value. A chat Profit this month answer uses the same idea and can still change after you post stock, accruals, or depreciation.

Income (sales and other income) minus cost and expenses is the profit or loss for the column.
A parent row is the total of its sub-accounts. Expand it to see the children.
Project limits every column to that department or project.
Zero accounts stay hidden until you tick Include Zero Balance Account.
This report does not close the year or move profit into retained earnings. Year-end processing does that. See Year-end closing.

Please click on the amount to drill down. Click the figure, not the account name.
Gross profit ignores stock. Enter closing (and opening) stock for the month on Maintain Stock Value, then Search again.
A closed year is missing from the list. Tick Financial Year only after that year is closed. See Year-end closing.
Profit in chat and on this report differ. Chat is a quick period total. Match Report Period, Date, and Project on this screen, and finish month-end stock and journals first. See Ask the books.
Nothing for a project. Clear Project and run again. If the company total appears, the project code on the documents is different. See Department / project.