Profit & Loss Statement

Overview 

This tutorial will walk you through generating a Profit & Loss Statement in TrustBooks for the Operating

Account.

Note access to operating accounting reports is limited to users with a Tier 2 subscription or higher.

Upgrade your account to Tier 2

Steps:

1. From the Navigation Pane select Build Operating Reports from the Reports drop-down:

2. Select Profit and Loss Statement from the list of Reports:

3. The Profit and Loss Statement for the Current Year to date will be displayed. The P&L will always reflect balances from the Start and End Date selected:

4. To update the P&L to reflect a different period, select a period from the Report Period filter or manually select dates for the Start and End Date filters, then select Apply:

5. You can Print the generated P&L to pdf or Export to excel by selecting the respective icons in the top-right of the report:

Note that there is also a filter to hide accounts with a balance of $0:

And a filter to compare the P&L to another period if you desire: