The Financials feature enables you to construct and export two types of essential reports: A Profit and Loss Report (also called a P&L or P/L) and a Balance Sheet Report.
A Profit and Loss Report displays income and outgo for a specific month, quarter, year, or multi-year period. It helps you review your overall cash flow, and identify where and how your organization’s costs either exceed or fit within your income.
A Balance Sheet Report displays account balances for a specific month, quarter, year, or multi-year period. It shows you the positive or negative balance in each account, including bank, credit card, asset, and equity accounts.