Profit - Loss Statement
A Profit-Loss statement shows a company's revenues and expenses related to running the business, such as rent, cost of goods sold, freight, and payroll. Each entry on a P&L statement provides insight into how much money a company made and spent.
In this user case we show you how to create a profit-loss report.
To create a profit-loss statement, the person responsible opens the menu Financials | Reports | Financial Reports | PLS - Profit-loss Statement.
The window PLS - Profit-loss Statement opens.
The person responsible starts entering the criteria into the sections on the right side of the window.
She enters the period of report. Into section Period, field Target Date From: 01.01.2021 and To: 31.12.2021.
Data in section Period - Date 2 should be also entered as above. Field Target Date From: 01.01.2021 and To: 31.12.2021.
In the section Document types in the middle of the window, the document types or journal entries that should be displayed on the profit-loss statement report are selected.
Here she selects all document types by right mouse click and choosing: Select All.
PANTHEON allows you to customize the report for your own needs.
In our case, accountant selects report type: 051 - Financial Report.
By double-clicking the selected report type or by selecting the report type and clicking the button Report, the desired profit-loss statement is displayed.
