Why the same statement appears twice
A profit and loss in Accounting is the record: the statutory shape, tied to the ledger, exportable for your accountant. The same statement here is arranged for reading — trends, comparatives, the accounts that moved most, and written commentary about why.
They cannot disagree, because both compute from the same posted entries. If they ever do, that is a defect worth reporting rather than a difference in method.
Profit & Loss
Q1 2026 vs Q1 2025 · consolidated
| Q1 2026 | Q1 2025 | Movement | Note | |
|---|---|---|---|---|
| Revenue | 112,400 | 96,100 | +17% | Two new retainers |
| Cost of sales | (40,900) | (31,300) | +31% | Subcontractors |
| Gross profit | 71,500 | 64,800 | +10% | Margin down 3.1pts |
| Overheads | (52,100) | (48,900) | +7% | |
| Operating profit | 19,400 | 15,900 | +22% |
Consolidation
Where an organisation runs several entities, statements can be viewed per entity or consolidated. The consolidation sums entities; it does not eliminate inter-company balances or transactions. If two of your entities trade with each other, the consolidated revenue and cost figures include that trade on both sides, and you will need to adjust manually for a true group view.
This is the single most likely way to quote a wrong number out of this module. It affects revenue and costs equally, so profit is usually right and the top line is not — which is exactly the number people put in a board pack.
What this does not do
Consolidation sums; it does not eliminate.
These are management statements.
Inherited from Accounting.
The shapes are fixed.
Questions
Can we see a single entity?
Yes — the entity filter.
Do provisional figures appear here?
Yes, marked as such.
Can we export for the board?
Yes, as data. There is no produced board document.
Related
Profit and loss, balance sheet, cash flow, trial balance and ageing in erp.io — how they are computed, what can be filtered, and what is not available.
BudgetsBudget against actual in erp.io CFO — setting a budget, reading variance, and the two variances that are not what they appear.