The Profit & Loss Statement is a summary that calculates on a cash basis to quickly view a snapshot of your business's cash flow.
Important Note: The Profit & Loss Statement is not intended to be used in replacement of the recommended year-end tax reports.
- To access from the Business Tools menu, select Profit & Loss (or from the main toolbar, click Tools then click Profit & Loss).
- Enter a date range to view applicable information.
The follow sections are included on the Profit & Loss Statement.
- Sales (Less Discounts): Retail sales less discounts applied from invoices
- Other: Shipping collected on invoices
- Sales Tax: Tax collected on invoices
- Commissions: Commission information entered in Expenses
Note: Any other Expense categories that are set as an Income will appear.
- Section 1: The wholesale cost of retail product purchased from inventory orders that have been received into inventory
- Section 2: The cost of supplies purchased from inventory orders that have been received into inventory
- Sales Tax: The amount of tax collected by the company for inventory purchased
- All categories that have been created (but not necessarily used) from the Expense area in Boulevard.
Tip: Double-click the amount shown in red for each category to view the Expense Details form for expense entries included (as shown in the image above).
- Individual entries for any expense category can be viewed by double-clicking on the amount shown in the Expense column (or right-click and select Drill Down).
- To print a listing of individual transactions from a specific category, we recommend printing the Expense Listing by Category which can be accessed from Expenses.
- Expense Categories, Payees & Filters