The Profit & Loss Account is made up of revenue and expense accounts which shows the profit or loss for a particular time period for the business.

Revenue accounts are used to record the sales and any other income for your business. While expense accounts record good, services and other charges incurred in the day to day running of the business.

Detail Version

The detail version of the Profit & Loss Account report provides a detailed view of the individual accounts which make up the profit and loss for a date range defined by the user.

Comparative Version

The comparative version of the Profit & Loss Account report provides a report similar to the detail version and is run from the same screen. It allows the user to enter date ranges for both a current and a prior period. The results are presented side-by-side along with the difference expressed both as an amount and a percentage.

Period Detail Version

The period detail version of the Profit & Loss Account report provides a side-by-side presentation of the month-to-date and financial year-to-date profit and loss accounts.

Reports can be saved locally to your computer, or within the Liberty Accounts database.

If you are viewing a report in Adobe Acrobat you can save it by clicking on the file save icon within the Adobe Acrobat reader application.

If you are on the report parameters screen after generating a report you will see some extra options displayed as above. To save the report pdf file to your computer right-click on the "view report" link next to the Adobe  file icon and select the "Save target as" menu option.

If you want to save the report within the Liberty Accounts database simply give the report a meaningful name by editing the suggested report name then click the "Save" button. Reports saved within Liberty Accounts can be viewed at a later date via the menu option Reports | View Saved Reports.