Profit and loss is a financial report that shows the company’s revenues and expenses for a mentioned specific period of time for a specific customer.
This report can be created in three different sections they are Current, Previous, and Custom. In the current, the report can be created by using Today, Current Month, Current Year, Current Quarter, and Previous, the report can be created by using Yesterday, Previous month, Previous Year, Previous Quarter. Using Custom to create the report for specific dates, a month, or even a year.
How to get there!
To generate Profit & Loss by Customer report click on Reports > Finance reports > Profit & Loss by Customer
Profit & Loss by Customer,
Generate Profit & Loss
To generate the report, click on the date range and choose from the dropdown menu. Select the accounting type and the report can also be filtered by tags. Click on tags and select the tags from the dropdown. If the tags are selected in the transaction. Then the report will generate based on the selected tags.
If you want to compare the profit and loss by the customer with another month or a year. Click on compare with and another date range field will appear and select the by custom date range from the dropdown. Both the date range have to be different.
Click on generate to generate the report. The report can also be downloaded as excel and PDF or it can be viewed as PDF as well. See screenshot attached Profit & Loss by customer report with data.
