Review Profit and Loss
How to Review Profit and Loss in Muhasib ERP
Overview
This guide will help you explain income, cost, expense, and profit for a selected company and period.
You get an explained period result for management review, subject to accounting approval.
Who can do this
You need access to Profit and Loss access and authorized company scope.
Before you start
Complete material posting, stock/cost review, accruals, corrections, and account classification; know the comparison period and reporting basis.
Before saving, check that the correct company is open and that you have permission to complete this task.
Where to find it
Back Office → Muhasib Financials → Profit and Loss Report.
Review Profit and Loss
Step 1: Select company and exact reporting period
Step 2: Choose comparison, detail, or grouping options where supported
Step 3: Review revenue by relevant category
Step 4: Review cost of sales and gross profit
Step 5: Review operating and other income/expense
Step 6: Drill into unexpected or material balances
Step 7: Compare profit with Trial Balance and retained-earnings treatment
Check your work
Each statement line reconciles to Account Summary/Ledger and the net result agrees with the same company, dates and filters trial balance accounts.
Take a moment to check your work before closing the window. This small check can save time later.
If something goes wrong
- Investigate account classification and date scope when totals appear in the wrong section.
- Do not treat an unreviewed operational report as finalized financial statements.