You can see your financial reports in this section where you can view profit and loss reports, can check the balance sheet and can also see the cash flow statement.
Profit and loss statement: A Profit and Loss (P & L) report measures a your company's sales and expenses during a specified period. The categories include net sales, costs of goods sold, gross margin selling and official expense (or managing expense), and net profit.
Net profit = Revenue - cost of goods sold - operating expense + other income
You can export the statement in PDF as well as CSV format by clicking on "Export statement" button present in the top tight corner.
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.