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Profit & Loss

When you raise an Invoice against Work In Progress, profits or losses may be realised.

For example, suppose that you raise an invoice for €500 against tagged time of €400. You are offered a profit of €100.

If you accept this, it is deemed to be a 'realised profit', and will be included in the Profit and Loss Report.

If you have the relevant rights, the realised profit can be amended to another amount - say, €25. Only the realised profit of €25 is included in the report. The balance of €75 is deemed to be an unrealised profit amount.

1. Open the Reports view in the left-hand pane.
2. Click Recovery in the left-hand pane.
3. Click Profit & Loss in the left-hand pane.
4. The report setup window opens in the main desktop. Specify the relevant report options.
5. Click Submit to generate the report.

Contents of the Report

• Date the Profit/Loss was realised (i.e. Invoice date)
• Client Name.
• Project Name.
• Invoice Number.
• Reference Number.
• Profit Column.
• Loss Column.
• Totals.

See also

Recovery Reports

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