Profit & Loss Statement

Understanding the P&L Statement

The Profit & Loss statement (also called Income Statement) shows your revenue minus expenses for a given period. It tells you whether your business is profitable and by how much. ZentBill generates this automatically from your sales, purchases, and expense records.

Generating the Report

To generate a Profit & Loss statement:

1. 1Go to Reports > Profit & Loss from the sidebar
2. 2Select the date range (current month, quarter, year, or custom)
3. 3The report shows revenue, cost of goods sold, gross profit, expenses, and net profit
4. 4Click 'Export' to download as Excel or PDF

Reading the Report

The P&L is structured in sections: Revenue (sales income), Less: Cost of Goods Sold (purchase cost of items sold), = Gross Profit, Less: Operating Expenses (rent, salaries, utilities), = Net Profit. A positive net profit means your business is making money.