It says Nothing recorded in this period.

No sales were completed and no expenses logged between those dates. Pick another month, or press Record an expense.

Cost of goods sold is missing.

Record unit costs when you receive stock. On plans without inventory tracking, the statement shows net revenue minus operating expenses only.

How to read your profit and loss statement.

The profit and loss statement lays out a month the way your accountant would: revenue at the top, costs below, net profit at the bottom.

Who it is for: Owners and accountants
Plan: Every plan (Basic, Advance and Team)

Open the statement

Open Reports, go to All reports and choose Profit & loss.
Pick the Month, or use Or pick a custom range and press Apply.
Choose a Location if you want one branch only.
Read Revenue: Gross sales, Less: Discounts and Less: Refunds.
Read Operating expenses and Net profit. The Previous period column shows the change.
Press Download CSV to send the statement to your accountant.

Cost of goods sold

On plans with stock tracking, the statement also shows cost of goods sold and gross profit, worked out from the unit costs you record when you receive stock. Stock bought through purchase orders is shown as Inventory purchases for information and not deducted twice.

One location only

Expenses saved without a branch count in full for every location, so location figures can add up to more than the whole business.

What your customers see

Nothing changes for customers.

Common problems

It says Nothing recorded in this period.: No sales were completed and no expenses logged between those dates. Pick another month, or press Record an expense.
Cost of goods sold is missing.: Record unit costs when you receive stock. On plans without inventory tracking, the statement shows net revenue minus operating expenses only.

More in Reports and insights, or start with the getting started guide. Still stuck? Contact us.