A Profit and Loss Report (P&L) is a report that shows your total Income and your total Expenses in a specific period of time. It’s a really useful report as it shows you your net Profit (or loss) based on your Income & Expenses, and that can be used to come up with some cost cutting strategies!.
Steps to check the P&L report-
- Click on Reports -> MIS Reports -> P&L Report
- Select the Duration
- Click on Submit