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the profit and loss statement gives you an insight into your businesss income and expenses over a period of time you can access your profits and loss statement by selecting reports from the navbar on the left and then clicking profit and loss underneath favorites 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 statements you see your businesss income displayed right here divided up in two different income accounts so you can see your general revenue streams right here you will also see your cost of sales these are costs specifically for the production of goods that you sold or services that you charge 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 total income minus your
