📊 Profit and Loss

📘 Overview

The Profit and Loss (P&L) Page provides a comprehensive summary of the company’s financial performance over a specified time. It breaks down income and expenses to present net profit or loss, helping stakeholders make strategic decisions.

📌 Key Financial Metrics

• Income: Revenue streams for the selected period (e.g., SALES (VAT - ABU DHABI)).
• Expenses: Costs incurred, including Cost of Sales and operational expenses.
• Gross Profit: Income minus Cost of Sales.
• Net Profit: Gross Profit minus all remaining expenses.

🔍 Analyzing Financial Performance

1. Review Income and Expenses:
   • Check Income for revenue categories.
   • Evaluate Expenses to understand cost structure.
2. Calculate Profitability:
   • Compare Gross Profit and Net Profit for financial insights.

📤 Exporting the Report

1. Click Export: Use the Export to Excel button to download the report.
2. Analyze: Open the file in Excel for deeper analysis or archiving.

📁 Using Filters

1. Apply Filters: Choose a date range, journal, or specific account types.
2. Click Search: View the filtered results accordingly.

❓ Frequently Asked Questions

• Q: What’s the difference between Gross Profit and Net Profit?
  A: Gross Profit = Income - Cost of Sales. Net Profit = Gross Profit - Operational Expenses.
• Q: Can I edit entries from here?
  A: No. Edits must be done through accounting journals.
• Q: Is the export customizable?
  A: The export reflects the current filtered view on the screen.

🛠️ Troubleshooting and Support

• Problem: Filters show no results
  Solution: Adjust the filter range or clear filters to reset.
• Problem: Export fails
  Solution: Enable downloads in your browser settings or contact support.

📧 For support, contact [email protected].