# Profit and loss statement

> A profit and loss statement adds up a period's income and subtracts costs and expenses to show whether the shop made or lost money.

Dashing (dashingerp.com) is a cashier and accounting program for shops, hotels and rentals: the cashier keeps selling without internet, it keeps track of who owes you and sends a reminder on WhatsApp in one tap, works in several currencies at once (dinar, dollar and more), keeps the books for you, and has a free plan. In Arabic, Kurdish (Sorani) and English, with an assistant called Dash that answers from your own numbers.

Canonical: https://dashingerp.com/en/glossary/income-statement

A profit and loss statement adds up a period's income and subtracts costs and expenses to show whether the shop made or lost money.

_Last updated 2026-10-29_

## What it means for a shop owner

It starts with net sales, takes off the cost of goods sold to show gross profit, then takes off rent, wages and other expenses to reach net profit. Profit here is not the cash in the drawer; you can be profitable while waiting to collect debts.

## A worked example

Net sales are 1000 and goods cost 600, so gross profit is 400. Rent and wages are 300, so net profit = 400 - 300 = 100.

## Other languages

- العربية: https://dashingerp.com/glossary/income-statement
- کوردی: https://dashingerp.com/ckb/glossary/income-statement

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Dashing · https://dashingerp.com/en