It is a report that summarizes the revenues, costs, and expenses incurred during a specified period .
An income statement or profit and loss account is one of the financial statements of a company and shows the company’s revenues and expenses during a particular period. The purpose of the income statement is to identify the company made a profit or loss during the period being reported.
ACCOXI is the most modern accounting software that provides easy and deliberate results for accounting. It provides the module of Reports and it consists of various heads of reports like Payables, Receivables, Accounts, Purchase, Sales etc. Profit and Loss Account report included in Accounts head. Profit and loss account is one of the financial statements of a company and shows the company’s revenues and expenses during a particular period. It is a report that summarizes the revenues, costs, and expenses incurred during a specified period . These reporst provide information about a company’s ability or inability to generate profit by increasing revenue, reducing costs or both. When the user opens the ACCOXI account, Reports module will appear on the bottom left side of the modules. Click on the Reports module, it opens to various financial reports of the Organization. There are various heads of reports like Payables, Receivables, Accounts, Purchase, Sales etc.
Click on the Accounts head and select the option Profit and Loss Account.
By clicking on the Profit and Loss Account option, the report will popup on the screen.
Profit and Loss Account Report
This report provides information of the company’s revenues and expenses during a particular period. It displays the net profit or net loss of the business.
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Description |
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Customize Report |
User can filter the Profit and Loss Account report by using the option Customize Report. By clicking on the customize report, user can filter the report by selecting a date. User can filter the report by using the option Date in the customize menu. By clicking the by date option, need to select a date, and then the report of the selected date will appear on the screen. By clicking on Run Report, user get the customize report based on date entered. |
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If the user wants to take the print out of the report, it can be done by using the menu Print on the top right side of the page. When the user clicks on the print menu, it opens to Report page and it contains the details regarding the print. User can set the page range, page height, width and can enter the required number of copies here. By clicking on the Print button, user gets the print out of the ledger report. |
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Particular (Debit) |
This column shows the operating, indirect and financial expenses of the firm. It consist of various heads like Opening stock, Purchase, Stock inward, indirect expense are comes under this column and the amount also shows with the right side of the column. It shows gross profit or net profit on the bottom of the column. User can access the ledger details of the particulars by clicking on the field. To check the ledger details of an invoice, click on the particular field. While clicking on the field, it opens to the ledger report of the selected account. |
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Particular (Credit) |
This column shows the operating, indirect and financial incomes of the firm. It consist of various heads like sales, direct income, closing stock, indirect incomes etc are comes under this column and the amount also shows with the right side of the column. It shows gross loss or net loss on the bottom of the column. User can access the ledger details of the particulars by clicking on the field. To check the ledger details of an invoice, click on the particular field. While clicking on the field, it opens to the ledger report of the selected account. |
When the user click on the print menu, it opens to Report page. It shows the ledger report view and it consist of various menus.
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Fields |
Description |
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Refresh |
If the latest data is not displayed, click on the refresh icon on the top left corner of the page to fetch the new data.
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Pagination Control |
It controls the page navigation. User can select the page by using the page control keys or can enter the page number in the given box. After enter the page number, it will open to the screen. |
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Page Setup |
This menu helps the user to set the page size, page orientation and margin size. By clicking on the Page Setup icon, a new tab will appear and user can select the page size, orientation and margin size with the tab. |
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Switch to Interactive Layout |
It helps the user to change the page to Interactive Layout. By clicking on the icon, it will change to an interactive layout. |
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Zoom |
User can use the zoom option to select the required zoom size for print. By clicking on the select option, available zoom size will appear and can select required size. |
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By clicking on the Print button, user gets the print out of the report. |
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Export |
Export menu enable the user to export the report to PDF format and can save in the system. When the user click on the Export menu, a new tab will appear for save the file. Then user can select the location to save the file, can set a name and click on save button to save the file as PDF format. |
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Exit |
Exit menu is for exit from the Print report page and it redirects to previous page. |
Yes. You can filter the report by using the option Customize Report. By clicking on the customize report, can filter the report as on selected date.
You can access or view the ledger details of any item from particular column, by using drill down option. To check the ledger details of an invoice, click on the particular field. While clicking on the field, it opens to the ledger report of the selected account.