What is Profit and Loss Summary?
A profit and loss summary is a financial statement outlines revenues, costs and expenses to show how much money a company is earning and losing during a time period. They are usually created on a monthly, quarterly or annual basis.
Profit and loss summaries include three main parts:
Revenue: Revenue or income is money that the company makes from sales of their products and/or services.
Expenses: An expense is money the company paid out.
Total Income: Total income is the amount the company earned or lost while operating the business.
Here you are going to learn about the steps to generate Profit and Loss summary period wise.
Step 1: Log in with Fresa Gold, Go to Accounts-> Profit and Loss Reports(Fig-1).
Step 2: Select the Profit and Loss summary period wise option(Fig-2).
Step 3: Select the date range and click the submit button(Fig-3).
Step 4: Profit and Loss Summary for the selected date range will be displayed on the screen(Fig-4).
I hope you got an idea about how to generate profit and loss summary period wise.
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