P&L (profit and loss) report enables tracking of income and expenses over time. We recommend checking P&L regularly to rate your business profitability, compare ingredient costs with revenue, or plan a budget.
P&L report will highlight the strengths and weaknesses of the business, allowing for strategic adjustments if necessary. For example, you might reduce product costs or introduce new services.
To review the P&L in the management console:
Go to Finances → P&L in the management console.
Set the reporting period or day at the top right.
To display ratio of income and expense categories to revenue click Columns → Percentages.
💡 Move columns around to compare their amounts and percentages for the different months. To do this, click and hold the column header to drag it to the desired position.
Let's see what insights can be found in P&L:
Revenue: your incomes from sales, services, and transactions.
Costs include: Cost of products and dishes sold, Results of inventory checks, and Stock deductions.
Margin is the difference between the revenue generated from selling the product and the cost of producing or acquiring that product.
Expenses are accumulated by banking services and commission fees along with your custom expense transactions.
Profit before taxation shows your sales and delivery profit before taxes and the amount of taxes included there.
☝️ Service charge taxes are not included.
Profit after taxation shows the net profit considering all expenses.
☝️ P&L report does not display fields with zero values. That means if there were no costs in receipts or expense transactions during a period, those lines won't appear in the P&L.
Manage your finances and review your P&L regularly. This report helps you monitor income and expenses over time. We recommend generating this report weekly or monthly to:
Assess your business's profitability. Calculate ingredient costs, employee salaries, rent, and other expenses, and then compare them with your business revenue.
Plan your budget. The P&L will highlight the strengths and weaknesses of your business, enabling you to adjust your strategy if necessary. For instance, you might decide to reduce spending on products or introduce new services.
Analyze changes. Comparing P&L metrics across different periods will help you track changes in financial outcomes and pinpoint the reasons behind those changes.
💡 Click Export to download an Excel table of the P&L report.
To ensure accurate and consistent financial records in P&L add transactions at the POS register and in the management console as they occur.
💡 Transactions and stock deductions related to 2 locations at the same time are placed in the 'Uncategorized' column.
Feel free to contact our customer support if you have any questions or concerns. We're available in chat @joinposter.com and email contact@joinposter.com
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