Written lesson6 min

Profit and loss, balance sheet

Accounting and Invoicing2 learners

Accounting and InvoicingLesson 5 of 5

Accounting and InvoicingLesson 5 of 50 of 5 done

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Accounting Basics

4 minThe accounting dashboard4 min

Invoicing

6 minInvoice a customer6 min

Payments

5 minRecord a customer payment5 min

Bank and Cash

6 minReconcile the bank6 min

Reporting

6 minProfit and loss, balance sheet6 min

2 views1 month agoLesson 5 of 5Basic

Read the two statements every owner asks for, change the period, compare with last year and export them.

What Reporting gets you to

Read the profit and loss and the balance sheet, compare periods and export them

Recorded on a working BridgeERP. Start a free trial and follow along on your own.

Step by step

Both reports are under Reporting. They are built live from your posted entries, so they are always up to date.

Profit and loss

The profit and loss covers a period: revenue at the top, then costs, down to the net profit. The period button (here 2026) picks a month, a quarter, a year or your own dates; Comparison sets it against the previous period or last year. Click the arrow beside a line to open it into accounts, and then into the entries behind them.

Balance sheet

The balance sheet is a picture at one date (As of): assets on one side, liabilities and equity on the other, and the two always balance. This year's profit sits in equity (here as Unappropriated Profit) until the year is closed.

PDF and XLSX export the report as you see it.
Posted Entries decides whether drafts count. The notice "There are unposted Journal Entries" means some entries of the period are still drafts and are left out of the figures.

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