Reports / Profit & loss

Profit & loss

Shows trading income and expenses for the period. Amounts are tax-exclusive where noted; GST on Income / GST Free lines affect GST boxes on BAS, not this operating profit view. Practice preview. Not sent to the tax office.

Demo sample period · figures rounded for readability · illustrative draft only

Year to date (sample)

Income (ex tax, from sample invoices): $13,800.00
of which GST on Income (collected): $1,270.00
Expenses (ex tax, from sample bills): $4,563.18
of which GST on Expenses (credits): $294.82
Net profit (YTD preview): $9,236.82

Net profit matches the ex-tax income minus expenses roll-up of listed invoices and bills (not a full general ledger). GST Free lines are included in ex-tax income/expense but do not appear in the GST rows. Open GST & BAS for quarterly draft boxes.