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The Profit and Loss statement shows you your business income and expenses over a period of time. You can access your Profit and Loss statement by selecting Reports from the nav bar 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 statement, you see your businesss income displayed right here. Divided up into different income accounts so you can see your general revenue streams. Right here you will also see your cost of goods sold. These are costs specifically for the production of goods that you sold, or services that you charged your customers for. And then towards the bottom of the Profit and Loss 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 cost