The statements answer the question most owners ask first, and each figure can be checked back to the entries behind it.
4 things it does
See whether the shop made a profit this month, with nothing to set up
Basic and Professional
How do I see whether my shop made a profit this month? Open Statements from the Reports menu and it shows the profit and loss for this month straight away.
Without it
The month has been busy, with sales and bills all through it. You still do not know whether you are ahead, and adding it up by hand takes an evening.
With it
Open Statements from the Reports menu. It opens on this month's profit and loss, so the answer is there without any adding up.
The page opens on this month's profit and loss, so you do not need to choose anything. It shows sales and expenses, and the profit for those who may see it. The statement cannot be printed or exported, so read it on the screen.
Open Statements and the profit for this month is there at once.
Other ways people ask this
how to see if my shop made a profit this month
profit and loss statement for a small shop in pos
is my shop making a profit, software report
Set this period's figures beside last month, or the same month last year
Basic and Professional
Can I compare this month's profit with last month or last year? The profit and loss can be compared with the previous period or the same period last year, with the variance shown in money and as a percentage.
Without it
This month feels slow, but you cannot tell whether it is slower than last month or last year. The answer is in old paper, if you can find it.
With it
The profit and loss can be set beside the period before, or the same period last year. Each line shows the change in money and as a percentage.
Open the profit and loss statement for the period you want. Choose to compare it with the period before, or with the same period last year. Each line then shows the difference in money and as a percentage. Use it to see which way the shop is moving.
Other ways people ask this
compare this month with last month in pos
compare profit with the same period last year
software that shows change from last year's sales
Tap any figure on a statement to see the entries that make it up
Basic and Professional
Can I see the entries behind a figure on a statement? Open a line on the profit and loss or the balance sheet to see the entries behind it.
Without it
A total on a statement looks wrong, but the page only gives you the total. You cannot tell which sales, bills or payments made it, so you cannot check it.
With it
Press the line and the entries behind it are shown. You can look at each one and decide whether the figure is right.
On the profit and loss, the balance sheet or the cash flow, press any line. The entries that make up that figure open beside it. Press an account row and you see that account's own statement. Use this to find out why a figure is what it is before you act on it.
Tap a line on a statement to see the entries behind its figure.
Other ways people ask this
see what makes up a figure on profit and loss
drill into a balance sheet line to see its entries
why does my statement total look wrong
See what the shop owns and owes, and where its cash went
Basic and Professional
Can I see what my shop owns and owes, and where its cash went? The statements include a balance sheet, which shows what the shop owns and owes, and a cash flow statement, which shows where the cash went.
Without it
A shop can sell well and still not know what it is worth. Cash goes out for stock and bills, and nobody can say where it went.
With it
The balance sheet shows what the shop owns and owes. The cash flow shows where the cash went, in a few simple groups.
The balance sheet lists what the shop owns and what it owes, as at a date you choose. The cash flow shows money that came in and money that went out, in a few simple groups. Press any line to see the entries behind it. Both pages are part of the statements.