Thank you for posting here on the Community page, pamrenniecakedes.
Allow me to share some information about the Profit and Loss report.
You can review if the expense accounts are affected under Category details. Then, make sure to select the correct date range and the accounting method either it's accrual or cash basis.
Let me show you how:
1. Click the Reports tab in the left navigation menu.
2. Enter Profit and Loss in the search field.
3. In the Report period drop-down, select the date range you want to show on the report.
4. Then, set Accounting Method to how you want the income/expense reported.
Hi Haseeb Abddullah, to ensure all income and expenditure has been entered correctly, you may wish to reconcile the bank account. Please also note that the total profit on your P&L does not have any connection to the total current balance in your bank account.
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