ERPNext Accounting
What is Profit and Loss Statement?
- Profit and Loss Statement
- The Profit and Loss Statement in ERPNext summarises income and expenses for a period, showing your net profit or loss from operations.
Running the P&L Report
Go to Accounting → Profit and Loss Statement. Choose the date range, company, and cost centre filter. ERPNext groups accounts by their type (Income/Expense) and shows period vs cumulative figures.
Budget vs Actual Analysis
When budgets are set in ERPNext, the P&L report shows Budget, Actual, and Variance columns. This allows managers to spot overspending by cost centre or project without exporting to Excel.
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Related Terms
Balance Sheet
The Balance Sheet report in ERPNext shows your company's assets, liabilities, an…
Budget
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Cost Center
A Cost Center in ERPNext is a dimension used to track income and expenses agains…
General Ledger
The General Ledger in ERPNext is the master record of all accounting entries acr…
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