Profit & Loss Statement - kwentra Help Center

See revenues, costs and expenses for a month and the year to date, compared with budget and last year.

Report Business Value

See if the hotel made a profit in the period.
See whether more revenue or lower costs would raise profit.
Compare this month and this year with budget and last year.
Choose a short summary or a full list of accounts.

Use Cases

A finance manager checks the month’s profit at month end.
A controller compares year-to-date results with budget.
An owner compares this month’s profit with the same month last year.

How It Works

Where: Reports → BO → GL → Profit and Loss

Before you run the report: post and review all journal vouchers. Review and submit all transfers, usages and receiving orders.

Running the Report

Select the month.
Optional: choose whether to show accounts with a zero balance.
Details: choose a detailed or a summarized P&L.

Summarized or detailed?

Summarized: shows only the total of each revenue and expense account group.
Detailed: shows every account and its balance under each account group.

Report Layout

Accounts are in the middle.
Monthly figures are on the left of the accounts. Yearly figures are on the right.
Revenue accounts come first. Expense accounts come after them.
Total Revenue minus Total Expenses gives the GOP (Gross Operating Profit).

Report Columns

Column	Description
First column – MTD	Total for the same month last year. Use it to compare with the current month.
Budget – Current	This month’s budget for the account or group. The budget is imported at the start of the year.
Current Month	Total for the account or group in the selected month.
Account	The revenue and expense accounts or account groups.
YTD	Total from the start of the year to the selected month.
Budget – YTD	Sum of the budget from the first month to the selected month.
Last column – YTD	Last year’s total up to the same month. Use it to compare with YTD.

Note: The report uses your system’s base currency.