Income Statement
Revenue and expenses over a period, in tiers: gross profit, operating profit, profit before tax, profit after tax. The tiers are decided by the account type in the account master.
Questions It Answers
- What is the net profit this month, and the gross profit?
- Why does an expense appear below operating profit instead of under operating expenses?
- Why does profit here differ from the Business Performance Overview?
Filters
| Filter | What it does |
|---|---|
| Journal Date | Journal date range (from - to). Empty means the whole history. |
| Division | Pre-filled from the user role's default division. A role locked to one division cannot change it. |
| Show Zero Balance | Off (default): accounts and groups with zero balance are hidden. On: every account shows, empty ones included. |
How To Read It
| Column | Meaning |
|---|---|
| Revenue & Cost of Goods Sold → GROSS PROFIT (LOSS) | Accounts typed Sales Revenue and COGS. |
| Operating expenses → OPERATING PROFIT (LOSS) | Accounts typed General & Admin, Sales, Marketing, Operational Expenses. |
| Other income/expenses → PROFIT (LOSS) BEFORE TAX | Accounts typed Other Revenue, Other Expenses, Loan Interest. |
| Tax → PROFIT (LOSS) AFTER TAX | Accounts typed Tax Expense. |
| Comparative Profit and Loss | Second variant on the same menu: each month of one year side by side (Year filter required). |
Each line is the credit - debit balance of the account over the period; zero-balance groups are hidden unless Show Zero Balance is on.
Why The Numbers May Differ
- Only approved journals count. Journals still awaiting approval (when journal approval is on) change no figure here.
- Closing journals are excluded, so a closed period still reads in full - it does not become zero.
- An account with the wrong type in the master (e.g. salaries typed Other Expenses) moves tier: the total is the same, but operating profit differs. Fix the account type, not the journals.
- Profit here is journal-based; the Business Performance Overview reads transactions (invoices, inventory COGS). They differ when there are manual journals or COGS not yet posted.
Menu Location
- Finance / Reports & Analysis / Income Statement
/report/profitlossstatement