Go to Reports → Profit and Loss.
How it's laid out
Section | What it shows |
Revenue | Sales from invoices and income, by revenue account |
Cost of goods sold | The direct cost of what you sold |
Gross profit and Gross profit margin | Revenue minus cost of goods sold, in dollars and as a percentage |
Expenses | Operating costs such as rent, software and supplies |
Operating income and Operating income margin | Gross profit minus expenses |
Other income and Other expenses | Items outside your main business, e.g. interest earned |
Depreciation, Amortization, Interest expenses | Non-cash and financing costs |
Earnings before income tax expenses | Profit before tax |
Net profit and Net profit margin | What's left after everything |
Add backs and EBITDA | Net profit with interest, depreciation, amortization and income tax added back |
Tips
Compare periods: switch to Monthly view to see a column per month.
Cash or accrual: use Cash basis to see profit based on money actually received and paid.
Odd number? Open the General Ledger to see the transactions behind it.