Profit & Loss

See whether your shop actually made money — sales minus cost of goods minus expenses, for any period you pick.

3 min readUpdated 14 Sep 2026

In this guide

The Profit & Loss page answers the one question every shop owner asks: “after everything, did I actually make money?” It takes your sales, subtracts what the goods cost you and what you spent running the shop, and shows one big number — profit or loss — for any period you pick.

What the P&L shows

Profit & Loss is your books summary — it pulls together three things you already record on LentloSites and does the maths for you.

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Revenue

All your orders in the period — online, manual, everything except cancelled ones.

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Cost of goods

What the items you sold cost you — from your purchase bills or product cost prices.

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Expenses

Rent, salaries, ads — whatever you record in the Expenses tracker, grouped by category.

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GST summary

GST collected on sales minus GST you can claim back on purchases (ITC) = net payable.

The sum is simple: Revenue − Cost of goods = Gross profit. Gross profit − Expenses + other income = Net profit (before income tax). Other income is anything you recorded in Expenses as Income — a cash sale, a commission, rent from a tenant — and it shows as its own Add: Other income line. A green card means profit, a red card means loss — with the margin percentage next to it.

Open it and pick a period

The period buttons let you check this month's health in one tap, or review a full financial year before meeting your CA.

Open Profit & Loss

In your site's sidebar, open the Books & Tax group and tap Profit & Loss. It's also the second tile in the File box on Books & Tax. You need invoice/books permission to see it — it's money data.

Pick your period

Tap This Month, Last Month, This Quarter or This FY — the FY button follows the Indian financial year, April to March. Or set any custom date range with the two date boxes.

Read the statement

Below the big profit card you get a proper income statement — Gross Sales (incl GST), less cancelled, Net Revenue, less cost of goods sold, Gross Profit, less operating expenses, plus other income — ending in Net Profit (before tax). Beside it sits the GST panel (GST collected, input credit claimable, net GST payable) and your expenses broken up by category.

Sales minus costs minus expenses — your real profit.

Sales minus costs minus expenses — your real profit. — phone view — Sales minus costs minus expenses — your real profit.

What counts as revenue

Knowing exactly which orders are counted saves you from “why don't my numbers match?” confusion later.

Every order in the period counts — including manual orders you typed in for phone and WhatsApp sales. A sale is a sale, whichever way it came.
Cancelled orders are subtracted — you'll see them as a “Less: Cancelled” line, so revenue is never inflated by orders that never happened.
Figures include GST — the top line is gross sales as billed. The GST panel on the right shows how much of it is tax you'll pass on.

Why P&L can differ slightly from your Orders stats: the sales numbers on Orders and Analytics use “booked revenue”, which also removes returned and RTO orders. The P&L subtracts only cancelled ones — a returned order stays in the total, and its reversal is recorded precisely by the credit note in your books. If you had returns in the period, the P&L will read a little higher. That's expected, not a bug.

How cost of goods works

Cost of goods (COGS) is what the sold items cost you — the P&L picks the most accurate source it has.

Starting out: it uses your purchase bills for the period — the bill amount before GST, since the GST part comes back to you as ITC. Vendor returns (debit notes) reduce it.
Once your products have cost prices: when the cost is known for at least 80% of what you sold, it switches to the real cost of the exact items sold — a much truer picture. The statement tells you which basis it used.

Add a cost price to your products and record purchases as they come in — your gross profit line gets sharper every month.

Common gotchas

Three things owners most often misread on this page — worth thirty seconds now.

Delivery charges collected vs delivery you pay. What customers pay you for delivery is inside your order totals, so it's inside revenue. What you pay the courier is NOT deducted automatically — record courier bills in Expenses so they show up as a cost.
Other fees aren't auto-deducted either. Payment gateway charges, packaging, Lentlo Credits fees — the P&L only reads orders, purchases and expenses. If you want a fee counted, add it as an expense.
It's a books figure, not a tax filing. Net profit here is before income tax, and the GST payable shown is books-derived — your final GST comes from GSTR-3B after GSTR-2B reconciliation, and your CA handles depreciation and deductions for income tax.

If a period shows nothing, that just means no orders, purchases or expenses were recorded in those dates — start recording and the page fills itself.