Cannot find Net profit (loss)

1

please can you help me why i can’t find the net profit in Net profit (loss).

Instead, i find the hole invoice value.

How i can fix it.

Thank you.

2

Hello @Samir_Saab2,

Where are you looking for your Net profit (loss)?

Please share some screenshots

3

image
image1492×796 32.9 KB

4

it gives me the sales invoice amount not the invoice net profit

before we were finding the net profit

I am looking to find my daily profit or monthly profit at summery sheet

5

That’s because you don’t have any expenses entered as shown in the screenshot you provided.

This raises the following questions:

  1. What’s the nature of your business expenses?
  2. Have you entered any expenses?
  3. If so, how did you enter these expenses?
  4. To which Accounts/Items you posted these expenses
1 Like
6

I will explain it in another way

My question is:

If I issue an invoice for 100$ and the coast of that invoice is 80$ the net profit should be 20$.
Why is the coast not being deducted from the revenue in the net profit calculations, and how can i fix this?

7

@Samir_Saab2 if you are selling inventory items, try to do inventory cost correction.

See: https://www.manager.io/guides/inventory-cost-correction

1 Like
8

thank you

it works but you should update every time you inter a new item.

So, what should I do initially for a new business to avoid such problem.