Reading the Profit & Loss (income statement) report
The Profit & Loss report (also called the income statement) shows what your business earned and spent over a year, and whether you came out ahead. It's the report most owners look at first. You'll find it under Finance → Profit & Loss. NexerIQ totals it straight from your revenue and expense accounts, so it's always current.
The headline numbers
The summary tiles give you the story in four figures:
- Total Revenue — everything you earned in the selected year to date.
- Total Expenses — what it cost to run the business.
- Net Income — revenue minus expenses, shown in green when positive and red when negative.
- Net Margin — net income as a percentage of revenue.
Choosing what you see
- Use the year picker in the top right to switch years.
- Tick Compare with prior year to overlay last year's figures on the Monthly Trend chart.
- When you have several income or expense accounts, the Revenue Breakdown and Expense Breakdown pie charts show how the totals split across them.
The detail tables
- The Revenue and Expenses sections list each account by Code, Name, and Amount, so you can see exactly what drives the totals.
- All amounts are shown in your company's base currency.
Tip: If a number looks off, open GL Analysis or Ledger Entries to trace it back to the individual transactions behind the account.
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