Skip to content

Profit & Loss and Net Income

How to set up a Net Income group in Bkper to see your profit and loss result in real time — the difference between revenues and expenses for any period.

Net income is the result of all revenues and gains minus the cost of goods sold, expenses, and losses over a given period. In Bkper, you can track this figure in real time by grouping your incoming and outgoing accounts under a single cross group.

Setting up the Net Income group

Place all incoming and outgoing accounts into a cross group called Net Income. This group spans both account types, so its balance always reflects the difference — your profit or loss for the selected period.

Bkper accounts view showing incoming and outgoing accounts all assigned to a Net Income cross group

Reading the result

Once the group is in place, the sidebar shows the Net Income balance alongside the individual incoming and outgoing totals. The value updates automatically every time a transaction is posted against any account in the group.

Bkper sidebar displaying Income, Outgoing, and Net Income balances for December 2016

Use the date slider above the balances to navigate between periods and compare results month by month.