The Income and Expenditure report is a financial statement that summarises the revenues, costs and expenses incurred during a specific period of time – usually a fiscal quarter or year. These records provide information that shows the ability of a company to generate profit by increasing revenue and reducing costs. The P & L statement is also known as a “statement of profit and loss”, an “income statement” or an “income and expense statement”.
You can access the Income and Expenditure report by clicking this icon on the Admin Main Menu.
Where ever you see a magnifier you can click the item to drill-down for a breakdown. In this case a small sub-listing will appear:
Click the Income tab to view charts of your income based upon your nominal coding.
Click the Expenses tab to view charts of your expenses based upon the nominal coding.
Printing the Report
By default, only the first page is included in the report printout. I.e. the charts are not. You can override this by hovering your mouse over the printer icon above the report and then ticking the print reports check-box.
The printout is by design, a simpler layout of the report display. Only items that are expanded will appear, so you can make your printout as detailed as you need.