Profit and loss is financial report that shows company’s revenues and expenses for mentioned specific period of time. This report is one of the four major reports it shows company’s net profit or loss for a mentioned specific period of time and it is also known as income report
To generate profit & loss click on reports and select the profit & loss from the template.
How to create profit & loss report
To generate profit & loss report, select the time from the dropdown and choose the version from the list and select profit & loss from the template. If the report has to compare time, then click on enable in time comparison. Click on run report and See screenshot attached Profit & Loss report with data