Magaya Software Accounting Manual

PROFIT & LOSS REPORT
• The Gross Profit shows total income minus total cost.
• The Expense section shows expenses such as rent, salary, utilities,
discounts and other fees you paid for services such as an accountant.
• The Net Income total is listed on the bottom and shows the company’s
profit after all expenses have been paid. It is the Gross Profit minus the
total expense.
Double-click on a number in the report to view its details.
The detailed Profit and Loss Report shows more information such as the itemized
cost, income, and expense:
You can see any transaction in this report by double-clicking on it.
112