What is the purpose of a Profit and Loss Statement in Deskera Books?

A Profit and Loss statement is a financial statement summarizing your company’s revenues, expenses incurred, as well as profits and losses during a specified period.

You can customize this time frame to suit your company’s needs. Commonly used are quarterly or annual statements.

These records provide sound information on the company’s outlook in generating profit and managing its expenses.

Deskera Books auto-generates your Profit and Loss Statement based on the transactions recorded.