Craftable's Profit and Loss (P&L) report summarizes your company's revenue, costs, and expenses to assess profitability and financial health.
Please be aware that this report is exclusively accessible at the ALL level. If you have any inquiries about accessing this report, please don't hesitate to reach out to our support team for assistance!
Use Craftable's P&L report as a guidance tool to give operators a real-time snapshot of their financial performance. No need to wait 3–4 weeks for a full P&L from finance, get the insights you need to make faster, informed decisions.
Accessing the P&L Report
- From the ALL level, navigate to Reports > Reports List.
- Select Profit and Loss.
P&L Report Breakdown
- P&L Filters:
- Range: Week, Month, Period, or Year
- Period
- Show Budget: Yes or No
- Show Comparison: VS Last Year or VS Previous
- Cost Calculated By: Category or GL
- Report Sections:
- Gross Sales
- Discounts
- Net Sales
- Cost of Sales
- Labor: can edit if no labor integration
- Prime Cost
- Overhead Costs
- Building Cost: Can enter/edit COST and % OF TOTAL GROSS
-
Profit
Features
Craftable’s Operational P&L consists of these components:
- Direct POS Integration: The system directly pulls data from the POS to provide current financial metrics.
- Up-to-the-Minute Data: Businesses can access current information on revenue, expenses, and profit.
- Detailed Expense Tracking: The system allows for detailed monitoring of various expense categories.
Key Benefits
- Proactive Decision Making: Businesses can identify trends and potential issues and make informed adjustments as they occur.
- Financial Snapshot: Access current data on revenue, expenses, and profit, eliminating the wait for monthly reports.
- Improved Spend Insights: Use the data to align your budget and ops groups for better planning and resource allocation.
- Increased Profitability: Immediate access to sales vs expense data allows for timely adjustments that directly impact the bottom line.