The new profit and loss statement tells you more

We’re happy to announce a new report template that will make your accountant or board smile: the profit & loss statement. This report gives an overview of all revenues, costs and expenses incurred during a specific period of time. Of course Cobalt sorts everything for you on a project-basis and categorizes everything as well.

In other words, the profit and loss statement is a record of the business trading activities over a given period of time and is in cobalt automatically sorted on a project-basis. For us it works as the number one report as it tells you in detail which projects are doing well and which aren’t.

In the screenshot above: “B02 Bath Toys - Stack cups” is a project (or product if you want) and “600 Advertisement”, “601 Marketing”,… a basic chart of account list which can be managed in Cobalt in the Settings > Cost Type tab.

More reports are coming.