Profit & loss statement
See whether you're making money — sales, cost of goods sold, gross and net profit.
Where to find it: Books → Profit & lossOpen in app
Read your P&L
- 1Go to Profit & loss and choose a period — This month, Last month, This year, Last year, or your own dates.
- 2Net sales = Sales less credit notes.
- 3Gross profit = Net sales less Cost of goods sold (the cost of the stock you sold).
- 4Net profit (or Net loss) = Gross profit less purchased services, non-stock items and your expenses.
- 5Click Print to save a copy as PDF. Open How this is worked out for the exact rules.
Tip: GST is not income or cost — it's excluded from the P&L and shown on the balance sheet instead.
Still need help?
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