Profit & Loss

The profit and loss section displays all accounts that reflect all the income and expenses of a specific period. Shows company’s profit and loss. It shows all revenue and expense heads with their categories and balances of each head.  

The Profit & Loss (P&L) module in CAPI Plan Books is primarily used to measure the overall financial performance of a business by showing whether it is making a profit or incurring a loss over a specific period. It helps in clearly tracking income and expenses by separating revenue from expenses, giving a transparent view of the company’s financial position.  

In the charts of account module, the user can create a profit and loss head in the given list or edit any default account as per their need. 

Location 

To create the profit & loss head, go to the navigation bar and click on it. It shows you several modules. There is a seventh module, i.e., charts of accounts.  

Go and click on the chart of accounts section, click on the drop-down section, and you will see the subheads are given below.

Here you can see several submodules are given here. It includes non-current assets, current assets, current liability, profit & loss, and opening balances.