The P&L report displays the main financial indicators of your company for the selected period of time.
The P&L report is accessible on Money → P&L report
Revenues in the report are getting from documents Shipments, Returns to the supplier, i.e. documents describing the departure of goods from the company for money.
Expenses are formed according to documents: Outgoing payments, Debit slips and Write-offs. Except for the payments where the expenditure has a type Purchases, because expenses of products purchasing will be calculated when they are sold as a Cost price, or when they are written off in Write-offs row.
Revenue = Shipments + Returns to supplier − Customers returns.
Revenue is not the sum of payment already made. Revenue is a sum of emerged obligations to pay, such as a Shipment (the customer’s obligations to pay you) or Customer’s return (your obligations to pay the customer).
Cost price = (quantity*netcost of products in Shipments and Return to suppliers) - quantity*netcost of products in Customers returns.
Gross profit = Revenue - Cost price
Operating expenses - the amount of outgoing payments (Outgoung payment, Debit slip) except for the expenditures with types:
"Purchases" - Taken into account in the Cost price line as goods are sold
"Taxes and fees" - Displayed separately in the Taxes and fees line of P&L report
"Inter-company payments" - payments of this type move the money inside of your company and not affect its financial indicators
Operating profit = Gross profit - Operating expenses. Operating profit is the profit before taxes.
Taxes and fees - the amount of outgoing payments (Outgoung payment, Debit slip) with expenditures of type "Taxes and fees"
Net profit = Operating profit - Taxes and fees