Profit & Loss

Profit & Loss statement can be used to get an overview about revenues, expenses, gross profit and net income.

GNUKhata supports both the horizontal and vertical formats for Profit and Loss statement. Closing stock in GNUKhata Profit & Loss report is calculated using FIFO algorithm.

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Accessing Profit & Loss

  1. Go to Reports > Profit & Loss.
  2. Enter the preriod to which you want to see the Profit & Loss report.
  3. Select the dropdown to view the vertical and horizontal format of the report as well as select if you want to see or hide nil accounts and if you want to see the figures roudned to the nearest 1000
  4. Click "Submit" to fetch Profit & Loss report for the period.