Read the Income Statement (Profit & Loss)
The Income Statement — also called the Profit & Loss (P&L) — shows what the facility earned and what it spent over a chosen period, and the difference: the net profit or loss. Veona computes it live from the General Ledger, so it always reflects every posting to date.
Who / when: the Accountant, Finance Manager and read-only Auditor read the P&L — at month-end, quarter-end, or any window you choose, to see whether the period made money.
We will follow Tunde the finance officer, reviewing last month’s performance.
A few terms first
Section titled “A few terms first”- Income — the revenue accounts (patient charges, service fees, and so on) — what the facility earned.
- Expense — the cost accounts (salaries, cost of goods sold, depreciation, utilities) — what it spent.
- Net profit / loss — income minus expense. Positive is a profit; negative is a loss.
- Period — the date window the statement covers; the P&L is always for a span of time, not a single date.
Read it
Section titled “Read it”-
Accountant — open Finance & Ledger → Income Statement. Veona shows two sections side by side — Income and Expense — each listing its accounts with the amount for the period, and a section subtotal.
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Accountant — read the Result panel below: Total Income, Total Expense, and the bottom line — Net Profit (or Net Loss, shown in parentheses).
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Accountant — set the report filters to the period you want — for example last month — and press Apply. You can also slice the P&L by a cost center or project dimension to see the result for one department or initiative.
What happens next
Section titled “What happens next”Pair the P&L with the Balance Sheet for the full picture: the P&L tells you the period’s result; the Balance Sheet tells you the position it leaves you in. The Cash Flow then shows whether that profit actually arrived as cash.