How to
- Accounts → Profit & Loss. Choose the Period (This financial year by default) and, if you have several branches, one Branch or All branches. Press Show.
- Sales shows what you sold, less returns.
- Cost of the goods sold is opening stock, plus purchases and direct costs, less closing stock. Sales less that is the Gross profit.
- Gross profit, plus Other income, less Expenses, is the Net profit.
- Click any figure to see the entries behind it. Export Excel or Print / PDF for a copy.
Good to know
- Stock is valued at cost, from the stones you owned at the start and the end of the period. Stones on Memo In are not yours, so they are not counted. Stones out on Memo Out or with a maker still are.
- An expense counts before gross profit only if its category is marked Direct under Accounts → Account Heads.
- These are checking statements, worked out from what you recorded here. Your accountant prepares and files the statutory accounts.
- Profit per sale, stone by stone, is in Analysis → Margin.
Related
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