Profit & Loss
Understand your business profitability by comparing income and expenses. Use the Transactions and Detailed reports to see where your money comes from and where it goes.
Overview
GetCost tracks your income (from invoices and payments) and expenses (from recorded transactions) separately. To understand your profit and loss, compare your total income against your total expenses for any date range.
Where to Find It
Transactions Report
The Transactions tab shows an Income vs. Expense bar chart that gives you a visual comparison of money coming in and going out.
Income Bars
Green bars show income received during each period.
Expense Bars
Red bars show expenses recorded during each period.
The chart automatically groups data by day, week, or month depending on your selected date range. Shorter ranges show daily detail, while longer ranges show monthly totals.
Detailed Report
The Detailed tab provides a complete breakdown of all financial activity for the selected period. This is the most comprehensive view for understanding profit and loss.
What's Included
- Income by category — revenue from invoices and payments
- Expenses by category — all recorded business expenses
- Taxes — tax amounts on expenses
- Service rates and totals — billable service summaries
- Tips and fees — additional amounts collected
Income & Expense Reports
For a focused view, use the dedicated Income and Expense tabs to see each side separately.
| Report | Shows |
|---|---|
| Income | Total paid, open (unpaid), and overdue invoice amounts. |
| Expense | Total expenses and mileage costs for the period. |
Both reports can be filtered by date range, client, project, and team member to drill into specific areas of your business.
Tips
Compare Periods
Run the same report for different date ranges to see how your profitability changes month over month or year over year.
Export to CSV
Download reports as CSV files for use in spreadsheets or to share with your accountant.
Filter by Category
Use the expense category filter to see which types of expenses are costing you the most.
Filter by Client
See profitability per client by filtering income and expenses to a specific client.