Profit & Loss (CoA only)

Introduction/Purpose: 

The profit and loss (P&L) report (Income Statement) summarises earnings and costs, displaying profitability over time. It emphasises profit generation and expense management. When “based on the chart of accounts,” it leverages transaction data for correct categorisation.

How To Navigate To Profit & Loss(CoA only): 

The navigation includes the following steps for viewing the profit & loss report (CoA only) in the financial management system.

• Click on the reports tab: The reports can be accessed by clicking on the report tab on the side menu.

• Click on profit & loss (CoA only):  The profit & loss (CoA only) report can be accessed by clicking it from the final accounting report section.

Profit & Loss (CoA only) Report Listing:

A profit & loss (CoA only) report in a financial management system is a feature which provides a detailed list of all transactions.

• Users can view the following information in the profit & loss (CoA) report listing page
  • Account 
  • FAS code 
  • Expense(debit)
  • Income (credit)

User can perform the following actions 

• Date criteria : The “Date criteria” function allows users to select date ranges, including options for quarterly and monthly periods.

• Include/Exclude zero: The “Include/exclude zero” function allows the user to choose whether to include the zero-balance accounts or not.

• Status : The “Status” function allows users to select the types of accounts and their respective approval or pending statuses.

• Filter : The “Filter” function allows users to search for specific keywords, with added customization options such as filtering by column and using conditions like “contains,” “doesn’t contain,” “begins with,” and “ends with.”

• Restore : The “Restore” function allows the user to restore complete information with respect to the profit and loss (CoA only) report 

• Print :The “Print” function allows users to print content by opening a print dialogue or displaying a preview of the content to be printed.

• Export : The “Export” allows users to extract profit & loss (CoA) report data from the financial management system and save it in a format that can be used outside of the system.