Welcome to the Help Center

Report: Profit and Loss

You can gain more insight into your business by generating a convenient report to track invaluable Profit & Loss metrics. 

This Report is only available if you are using MyTime’s POS.

To access the Profit & Loss Report: Dashboard > Reports > Company Reports > Profit & Loss

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.

Report Columns

Section Column Description
Detailed Revenue Service Revenue Gross Revenue
Services Discount Total of discounts applied to services
Class / Event Revenue Gross Class/Event purchases
Class / Event Discounts Total of discounts applied to Class/Event
Products Revenue Gross Product purchases
Product Discount Total discounts applied to Products
Gift Card Revenue Gross Gift Card purchases
Gift Card Discounts Total discounts applied to Gift Cards
Package Revenue Gross Package purchases
Package Discounts Total discounts applied to Packages
Cancellation Fee Revenue Gross Cancellation Fees
Refunds Total issued to customer by Refund
  Total Revenue This is your Gross Revenue - Discounts and Refunds
Detailed Expenditures Product Cost Your costs for product used
Staff Commissions - Services Commission based on Services
Staff Commissions - Products Commission based on Products
Back Bar Fee Amount billed to staff for Product usage
Prepaid Gift Card Expense This is the amount of Gift Cards that were used.
Prepaid Package Expense This is the amount per package redemption
Prepaid Membership Expense This is the amount per Membership Redemption
MyTime Fees Service Fees for MyTime software and subscribed features.
Credit Card Fees Fees from Credit card processed through the day *
  Total Expenses This is all expenses + Back Bar fees
  Net Profit This is Total Revenue - Total Expenses

*If you are using your own Credit Card Software, or are TSYS and receive a bill from them directly you will not see anything in this column.

For more information contact us at support@mytime.com or 888-423-1944.

Powered by Zendesk