You can gain more insight into your business by generating a convenient report to track invaluable Profit & Loss metrics.
To access the Profit & Loss Report, log in to your dashboard and select the "Reports" tab. This feature is only available if you are using MyTime’s POS.
Select "Profit & Loss" under Company.
On the top of the page, you can filter by Locations, Staff, Completed Appointments or Only Closed Tickets and Date Range. You can also select multiple locations and staff members.
Once you've selected your desired filters, it will reflect in the generated report. You’ll get the total revenue, total expenses and net profit displayed for each day in the date range as well as the net totals on the bottom of the page.
Profit will reflect all sales generated and loss will reflect all costs the business incurred (refunds, credit card fees, commissions, wholesale cost of inventory, etc.). Net profit is calculated by deducting the business costs from total profit.
To see additional metrics, you can use blue arrow icons on the left hand side corresponding to that date.
On the top right of the report, you have the option to download the report as a CSV, PDF or print version.
We hope you enjoy your new Profit & Loss report, and all the extra insights about your business! For more information contact us at firstname.lastname@example.org or 888-423-1944.