Profit and Loss

The Profit and Loss report type is a financial statement that shows a company's revenues, expenses, and net profit or loss over a specific period of time. It is also known as an Income Statement.

Benefits:

• AFinancial Performance: Assesses the company's profitability and overall financial health.
• Trend Analysis: Identifies trends in revenue, expenses, and profitability over time.
• Decision Making: By analyzing revenue sources and spending patterns, the non-profit can make informed decisions about resource allocation. They can see which programs are most effective in terms of cost and impact, allowing them to optimize their mission fulfillment.
• Investor Relations: Helps communicate financial performance to investors and stakeholders.
• Tax Planning: Assists in tax planning and compliance.

The following are the available reports for Balance Sheet:

• Profit and Loss - Basic
• Profit and Loss - Advanced
• Profit and Loss - Forecast
• Profit and Loss - Yearly Comparison
• Profit and Loss - Actual vs Budget
• Profit and Loss - Rolling 12 Month
• Profit and Loss - 5 Years Comparison
• Profit and Loss - With % Expense, Income