📊 Income Statement – Now in Full P&L Format!

We’ve upgraded the Income Statement to give you a more detailed and meaningful view of your business performance.
Until now, it only showed Income, Expenses, and Net Income.

With this update, it now follows the full Profit & Loss (P&L) structure — displaying:
Income → Cost of Sales → Gross Profit → Other Expenses → Net Income

This means you can now clearly see how your Gross Profit is derived before arriving at the final Net Income.

💡 Setup Tip:
To make this work, you’ll need to identify which of your expense heads fall under Cost of Sales.
Here’s how:

• Go to Ledger Account Setup

• For the relevant Expense Headers, set “Is Cost of Sales” = Yes (Y)

Once done, those accounts will automatically appear under Cost of Sales in your Income Statement.

A small setup — for a much clearer financial picture! 🚀