I would like to produce a P&L report for a specific tracking code. Although the business transacts in several currencies, the base currency is USD. How can I produce a P&L report without the foreign exchange gain/loss?
The purpose of the report is to show how much sales income the tracking code has generated over the period in USD, irrespective of currency fluctuations.
Can I simply deduct foreign exchange gain/loss from income on the P&L report to illustrate income generated from sales during the specific period?