The Profit & Loss (P&L) statement — also called an Income Statement — shows how much money your business made or lost over a period.
Key sections of your P&L
- Revenue — Total sales income from all invoices in the period
- Cost of Goods Sold (COGS) — Direct costs of producing what you sold
- Gross Profit — Revenue minus COGS
- Operating Expenses — Rent, salaries, utilities, and other overheads
- Net Profit / Loss — What's left after all expenses
How to generate your P&L in Finova
1
Go to Reports → Profit & Loss.
2
Select the date range (monthly, quarterly, yearly, or custom).
3
Choose whether to compare against a previous period for trend analysis.
4
Click Generate Report. You can then export to PDF or Excel.
💡Tip: Review your P&L at least monthly. A healthy business tracks gross margin trends — if your gross profit % is falling, your pricing or costs need attention.