Generate Profit and Loss Report in Thrive Accounts

Trojan Support User
16 steps
2 minutes

Thriveaccounts

Navigate to <https://app.thriveaccounts.com/> and open the General Ledger module.

Click "Profit & Loss"

Enter the range of periods you are viewing your profit and loss for here. By default it will be the current financial year, starting from the first period to the last.

Choose whether you want a comparitive metric - such as the year to date, prior periods, last year, or your own range of periods

If you chose “select periods” in the comparitive dropdown, enter your range of periods here. Otherwise, these fields will be disabled and Thrive will enter the periods from the comparative, such as last year as shown in this example.

You can choose whether or not to include accounts with zero balances,

and you can filter to a specific department or cost centre.

Click "RUN REPORT"

Here we see the report first shows our sales accounts - Sales and discounts given, with the account code and name.

On the right are the balances for each account. The first balance is our range of periods, and the second balance is our comparative.

Beneath this are the total sales for our selected range and the comparative range.

This continues for cost of sales beneath, with the total cost of sales for the two ranges of periods.

under the total cost of sales is gross profit and loss, a subtraction from our total sales above. This shows how useful the report can be. While our gross sales this year were slightly less than last year, our cost of sales was much higher, resulting in a large decrease in profits.

Lastly, we have our overheads for the year. Such as subscriptions, insurances, and depreciation.

Beneath that is the net profit and loss for this year versus last year.

Lastly, you can export your report to a CSV file or to a PDF using the download icons in the top right.

For any further information on the Profit & Loss report, please contact the Thrive support team.