# Reports: Profit & Loss and Balance Sheet

**Category:** [Accounting](https://help.totalctrl.app/hc/totalctrl/totalctrl-help-center/en-US/categories/accounting)
**Updated:** 2026-08-19

## Profit & Loss (P&L)

Go to **Accounting → Reports → Profit & Loss**. Select a date range. The report shows Revenue, Expenses, and Net profit.

## Balance Sheet

Shows your financial position at a point in time: Assets, Liabilities, and Equity.

## Chart of Accounts

Reports draw from your **Chart of Accounts**. Go to **Accounting → Chart of Accounts** to add, edit, or review your account structure.

---

## Related Articles

- [Accounting overview](https://help.totalctrl.app/en-US/articles/accounting-overview-2)
- [Payroll: connect Gusto or record runs manually](https://help.totalctrl.app/en-US/articles/payroll)
- [Sales tax: rates and the tax report](https://help.totalctrl.app/en-US/articles/sales-tax)
- [Accounting overview](https://help.totalctrl.app/en-US/articles/accounting-overview-1)
- [Create and send an invoice](https://help.totalctrl.app/en-US/articles/create-an-invoice)

---
[← Back to TotalCtrl Help Center](https://help.totalctrl.app/en-US/)