A Profit and Loss Report (P&L) is a report that shows your total income and your total expenses in a specific period of time. It's a really useful report as it shows you your net profit (or loss) based on your income & expenses, and that can be used to come up with some cost cutting strategies.

To generate a profit and loss report, click on 'My Business', then on 'Reports':

For 'Report Type', choose 'Profit and Loss Report'. A profit and loss report allows you to specify a date range, so be sure to choose the correct start and end date for the report. Remember to choose the format you want the report in. You are able to view the report 'On Screen', or download it as a PDF or Excel file. 

The 'on screen' version of the report will include a graph showing you your income and expenses over the specified period: