P&L report by class, customer or project

The WiseCost P&L report groups profit and loss by class, customer or project, accrual or cash, and applies indirect rates for a fully loaded result.

The P&L report in WiseCost is a profit and loss statement grouped by Class, Customer or Project, on an accrual or cash basis. Run it from Reports → New Report → P&L. It applies your indirect rates, provisional or calculated, to reach a fully loaded P&L: what each contract really costs once fringe, overhead and G&A are included.

Who can do this: an Administrator.

Why it is different from the QuickBooks Online P&L

QuickBooks Online shows revenue minus direct costs per class. A fully loaded P&L also adds each contract's share of indirect costs, which is the number that tells you whether a contract or program covers its real cost.

Run the report

1. Go to Reports → New Report and click P&L.
2. Choose the grouping: by Class, by Customer or by Project.
3. Choose the basis: accrual or cash.
4. Choose which indirect rates to apply: your provisional rates or the rates calculated from actuals.
5. Run it.

Download

The Excel download keeps its formulas, so you can follow how each loaded amount was calculated. The report is also saved in Report History.

Where the rates come from

Calculated rates are the ones in the Indirect Rate report, which depend on the roles in Company Setup → Accounts.

Common questions

Can I see profit per customer instead of per class?

Yes. Group the report by Customer, or by Project.

What is the difference between provisional and calculated rates?

Provisional rates are the ones you set for billing during the year. Calculated rates come from your actual costs to date.