A profit and loss report is a financial statement that summarizes the organisations’s revenues, costs and expenses incurred during a specific period of time (quarter, month or a year). This report provides information about a company’s ability – or lack thereof – to generate profit by increasing revenue, reducing costs, or both. In this section you can drill down to the ledgers and transactions.

From and to Date: Filters for searching for a particular date range.

Compare to accumulated, periodic and budgeted:

Accumulated: This will compare the period data with accumulated data (i.e up to the current date in the fiscal year)

Period Y-1: This will compare the period data with the quarter date.

Budget: This will compare the period data with the budgeted date as defined in the Budget Entry.

Dimension / Cost Center filters: These filters will enable to view the profit and loss statement of a particular dimension/cost centre.