Profit & Loss report
View income minus direct costs and expenses for a period — the quickest read on whether the business made money.
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17,788.00
Total Revenue from Sales
0.00
Paid Amount
17,788.00
Outstanding Amount
2
Total Invoices
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How this looks in TiBook
How to
- 1Open Reports and select Profit & Loss.
- 2Choose the date range (month, quarter, or financial year).
- 3Read income from sales and other revenue lines at the top.
- 4Review cost of goods and expenses below — purchases, operating expenses, and categories you track.
- 5The bottom line shows net profit or loss for that period.
How TiBook builds P&L
Sales and purchase invoices drive revenue and COGS. Expense entries add operating spend. Until Accounting is enabled, P&L is operational — not a full statutory books trial balance.
Accrual vs cash
P&L follows invoice dates, not bank clearance. A sale counts when invoiced; a payment changes cash, not necessarily the same day’s profit.
Compare P&L month over month instead of one long year — trends are easier to act on.
If profit looks wrong, fix missing purchase bills and mis-categorised expenses first.
Related articles
- Sales summary reportSee how much you sold in a date range — invoice count, taxable value, tax, and totals — from the Sales Summary tab in Reports.
- Purchase summary reportTrack purchase bills and returns in a period — spend by value and tax — from the Purchase Summary tab.
- Track expensesRecord day-to-day business spend by category — rent, travel, utilities — with amount, date, and payment mode.
Need more help?
Email, call, or WhatsApp the TiBook team. We can walk through invoicing, stock, POS, or your GST setup.
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