Reports / Profit
Profit and loss
Did the business make money? Sales, minus what the goods sold cost you, minus your expenses — compared with the period of the same length just before.
Statement
Where the expenses went
By expense type. Open the expense report
How these figures are worked out. Sales are after discounts and before tax. Cost of sales is what the items sold cost you when they were sold, plus stock written off in adjustments. Expenses are everything recorded as an expense in the period. These are the same figures as the Profit and Loss cards on the dashboard.