Profit and loss
Income less expenses for a period.
The profit and loss uses posted (approved) entries only. Drafts are left out. Income shows as positive and expenses as costs, with the net profit or loss at the bottom.
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Income less expenses for a period.
The profit and loss uses posted (approved) entries only. Drafts are left out. Income shows as positive and expenses as costs, with the net profit or loss at the bottom.
Was this article helpful?