How can I configure my Chart of Accounts to show
Revenue
Total Revenue
Cost of Sales
Gross Profit
Expenses
Net Profit.
It appears that I only have the option to put Cost of Sales in Revenue or Expenses which doesn’t let me show Gross Profit.
How can I configure my Chart of Accounts to show
Revenue
Total Revenue
Cost of Sales
Gross Profit
Expenses
Net Profit.
It appears that I only have the option to put Cost of Sales in Revenue or Expenses which doesn’t let me show Gross Profit.
Specifically, read the Guide about how to build a chart of accounts.
Especially the section on “… Add totals next…” Obviously the totals need to be added after all other elements of the Chart of Accounts are created following the guides.