How to do it...

  1. Odoo reports are generated in real time and do not require a special treatment or condition to generate any of the financial reports.

Before closing the financial year, let's check the current year's earning or loss after the audit process completed. The report is available at Accounting | Reporting | Profit and Loss. Look at the following screen of an audited profit and loss account:

As per the statement, we have positive in the NET PROFIT, which shows that we have a profit during the financial year. The loss will be represented by the negative balance under the NET PROFIT section.
  1. As soon as the statement finalizes after ...

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