Akounto enables you to check the profit and loss statement of your business in real time. Follow these steps to check your profit and loss report:
・Go on Reports
・Click on Profit and Loss Statement
・Your report is ready.
・In the overview summary you can check the Revenue, Expenses, Other Incomes and Net Profit figures.
・Akounto provides Profit & Loss Statement in summary and detailed formats
・The Summary format as per the Generally Accepted Accounting Principles and Legal frameworks, which you file with the tax authorities, Banks, Investors and all other stakeholders.
・The detailed format is for your reference where you can see the bifurcation of your revenue streams into various Goods sold or services delivered and sources of various expenses.
・Time filter are provided with which you can see Profit & loss Statement for : Previous year, Current quarter, Last quarters, last week etc or you can even customize the date range by selecting relevant dates from the calendar.
・You can even compare the Profit & Loss of two different periods by clicking on ‘Compare to a prior period’ button.
・You can export your Profit & Loss Statement in PDF and CSV formats.