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running reports is one of the most powerful things you can do in quickbooks to see how your business is performing the profit and loss statement gives you an insight into your business income and expenses over a period of time select reports then run the profit and loss statement the profit and loss statement shows you how much money your business made and spent over the displayed period of time at the top of the profit and loss statement you can see your businesss income displayed right here it is divided in different income accounts so you can see your general revenue streams right here you will also see your cost of sales these are usually the production costs for goods that you sold or the services that you charged your customers for and then towards the bottom of the profit and loss report are your expenses these are expenses for the general maintenance of your business such as advertising insurance rent and utilities the profit and loss statement allows you to see your gross pro
