How to read a profit & loss statement

SystemSystem Posts: 381 admin

imageHow to read a profit & loss statement

The Profit & Loss is the most critical of the three core financial statements for a business. It shows how much money the business earned, and how much money the business spent to earn it.
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edited May 23, 2020 in Help Center Discussion


  • TalimTalim Member Posts: 1

    Is there any way to include a separate category or have accounts for Gains/Loss from selling of assets or from other investment income, for example, below Operating Expenses?

  • ConnorMConnorM Member, Administrator Posts: 1,229 admin

    Hey @Talim! Great question. If you'd like that account/category to exist, you could create it in that Operating Expenses category manually!

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