# Profitability by Account Report

The **Profitability by Account report** is an essential financial document that highlights the financial performance of different accounts within a business. This report primarily focuses on two critical figures: the Cost of Goods Sold (COGS) and Sales Accounts, to determine the Gross Profit for each account over a specific period. This means this report shows you how much profit is earned on each account. 

### Key Features of the Report

1. **Comprehensive Financial Overview:** Offers a granular view of financial performance across different accounts.
2. **Eases Financial Analysis:** Simplifies the comparison between costs and revenues, aiding in swift financial assessment.
3. **Identifies Profit Centers:** Helps ascertain which accounts are contributing most to the profitability.
4. **Facilitates Strategic Decisions:** Armed with account-specific financial performance, businesses can make informed decisions about where to concentrate resources.

The Profitability by Account report not only underpins a detailed examination of account-wise financial health but also guides strategic decision-making by uncovering profit margins.

{% hint style="info" %}
To access this report, go to Menu > Reports > Sales > Profitability by Account.
{% endhint %}

Upon selecting this option, you will be prompted to select a template. Select the "Profitability by Account" template and click "Print Preview" to view the report. 

<figure><img src="/files/JAtTagsFI6o1aU8G9RaP" alt=""><figcaption></figcaption></figure>

### Filtering the Profitability by Account Report

XoroERP offers comprehensive options for filtering the "Profitability by Account" report, allowing users to analyze financial data more effectively. This overview will guide you through customizing the report view to better suit your analytical needs.

**Time Period Selection**

To begin filtering the report:

1. Navigate to the right-hand side of the interface, where you will find the "Range" section.
2. Choose the desired time period for your report and click on "Preview" to update the report. \
   \
   The default setting is "This Fiscal Year-To-Date". Other available options include:

   * Today
   * This Month-To-Date
   * This Calendar Year
   * Last Week, and more.

   <figure><img src="/files/zDNhSdIGlNJ4LTmtycfz" alt=""><figcaption></figcaption></figure>
3. For a more tailored analysis, select the **"Custom"** option. You can then specify the start and end dates and click **"Preview"** to generate a report for the customized period.

**Grouping Data**

After setting the time frame, focusing on how the data is grouped can provide more insightful perspectives:

1. Select the "Group" option to determine how you want to segregate the report's data, particularly for account expenses and revenue within the COGS and Sales sections. By default, the report is grouped by "Quarter".

   <figure><img src="/files/kB1py32JCuPpykSlU8MY" alt=""><figcaption></figcaption></figure>
2. Grouping options include:

   * Day
   * Week
   * Month
   * Quarter
   * Year
   * Fiscal Quarter
   * Fiscal Year

   By utilizing these filtering and grouping capabilities, you can dissect your business's profitability in numerous ways, identifying trends and making informed decisions based on comprehensive financial data.


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