Profit & Loss Statement

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.

1. To access from the Business Tools menu, select  Profit & Loss (or from the main toolbar, click Tools then click  Profit & Loss).
2. Enter a date range to view applicable information.

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The follow sections are included on the Profit & Loss Statement.

Income

• 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.

Cost of Goods

• 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

Expense

• 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).

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Additional Information:

• 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