Odoo 10 Implementation Cookbook

Compare profit and loss account

The Profit and Loss report (or Income / Expense Statement) shows your organization's net income or loss by deducting the expenses from the income for the report period selected on it.

Make sure that you have applied all the income and expense entries including depreciation on the assets at the end of the year to get the correct reports.

The Profit and Loss account can be found in the menu Reports | Legal Statements under the Accounting application.

The comparison of the reports can be activated from the Comparison menu, the default companies option selected is No Comparison. There are three ways to make the comparison explained as follows:

The comparison is always in respect to Period (This Month, This Quarter ...