> ## Documentation Index
> Fetch the complete documentation index at: https://docs.layerfi.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Profit and Loss object

A Profit and Loss object represents a profit and loss report that has been generated for a [Business](/api-reference/business/business).

Profit and Loss reports are generated for a specific time range and only contain information for categorized transactions that have been journaled to the general ledger.

### Attributes

<ParamField body="business_id" type="string">
  ID of the Business the profit and loss report was generated for.
</ParamField>

<ParamField body="type" type="string">
  Resource type. Value will be "Profit\_And\_Loss"
</ParamField>

<ParamField body="start_date" type="ISO8601 timestamp">
  Start date for data included in the report.
</ParamField>

<ParamField body="end_date" type="ISO8601 timestamp">
  End date for data included in the report.
</ParamField>

<ParamField body="income" type="Line Item object">
  A [Line Item](/api-reference/reports/pnl/pnl#line-item-object) object representing the income line items in the report.
</ParamField>

<ParamField body="cost_of_goods_sold" type="Line Item object">
  A [Line Item](/api-reference/reports/pnl/pnl#line-item-object) object representing the cost of goods sold line items in the report.
</ParamField>

<ParamField body="gross_profit" type="integer">
  Gross profit in cents. Calculated by subtracting total cost\_of\_sales line items from total income line items.
</ParamField>

<ParamField body="expenses" type="Line Item object">
  A [Line Item](/api-reference/reports/pnl/pnl#line-item-object) object representing the expense line items in the report.
</ParamField>

<ParamField body="profit_before_taxes" type="integer">
  Net profit before taxes in cents. Calculated by subtracting total expenses line items from gross\_profit.
</ParamField>

<ParamField body="taxes" type="Line Item object">
  A [Line Item](/api-reference/reports/pnl/pnl#line-item-object) object representing the tax line items in the report.
</ParamField>

<ParamField body="net_profit" type="integer">
  Net profit in cents. Calculated by subtracting total taxes line items from profit\_before\_taxes
</ParamField>

<ParamField body="custom_line_items" type="array of Line Item objects">
  An optional array of [Line Item](/api-reference/reports/pnl/pnl#line-item-object) objects representing additional line items below the net profit line in the report. This will be used when alternative P\&L structures and groupings have been configured.
</ParamField>

<ParamField body="other_outflows" type="Line Item object">
  A [Line Item](/api-reference/reports/pnl/pnl#line-item-object) object representing business outflow transactions that are not part of the profit and loss statement.
</ParamField>

<ParamField body="personal_expenses" type="Line Item object">
  A [Line Item](/api-reference/reports/pnl/pnl#line-item-object) object representing personal expense transactions that are not part of the profit and loss statement.
</ParamField>

<ParamField body="fully_categorized" type="boolean">
  A boolean representing whether all imported transactions within the report date range have been categorized. If FALSE, there are uncategorized transactions within the selected date range, indicating the provided report data may be incomplete.
</ParamField>

#### Line Item object

<ParamField body="name" type="enum">
  Enum name for the line item. Ex. "REVENUE"
</ParamField>

<ParamField body="display_name" type="string">
  Display name for the line item. Ex. "Revenue"
</ParamField>

<ParamField body="value" type="integer">
  The value of the line item in cents.
</ParamField>

<ParamField body="child_items" type="array of Line Item objects">
  An array of [Line Item](/api-reference/reports/pnl/pnl#line-item-object) objects representing child line items within the report section.
</ParamField>

#### Ledger Entry Source Object

The `LedgerEntrySource` represents the source of a ledger entry. This is a polymorphic type that can be any of the following:

* **Transaction Ledger Entry Source**: Represents entries originating from bank transactions.
* **Invoice Ledger Entry Source**: Represents entries related to specific invoices.
* **Invoice Write-Off Ledger Entry Source**: Details entries for write-offs associated with invoices.
* **Manual Ledger Entry Source**: Represents manually created ledger entries.
* **Invoice Payment Ledger Entry Source**: Represents payments made against invoices.
* **Refund Ledger Entry Source**: Represents refund transactions.
* **Opening Balance Ledger Entry Source**: Used to represent the initial balances when setting up accounts.
* **Payout Ledger Entry Source**: Represents payouts processed through external payment processors.

<ResponseExample>
  ```json Profit and Loss theme={null}
  {
    "data":{
      "type":"Profit_And_Loss",
      "business_id":"d2f6d97f-3345-4299-9ec2-468738c5d536",
      "start_date":"2023-01-01T06:00:00Z",
      "end_date":"2023-12-01T06:00:00Z",
      "income":{
        "name":"REVENUE",
        "display_name":"Revenue",
        "value":49397,
        "line_items":[
          {
            "name":"SERVICES_REVENUE",
            "display_name":"Service Revenue",
            "value":46897,
            "line_items":null
          },
          {
            "name":"GOODS_REVENUE",
            "display_name":"Sale of Goods Revenue",
            "value":0,
            "line_items":null
          },
          {
            "name":"DISCOUNTS",
            "display_name":"Discounts & Refunds",
            "value":2500,
            "line_items":null
          }
        ]
      },
      "cost_of_goods_sold":{
        "name":"COGS",
        "display_name":"Cost of Goods Sold",
        "value":8026,
        "line_items":[
          {
            "name":"JOB_SUPPLIES",
            "display_name":"Job supplies",
            "value":8026,
            "line_items":null
          }
        ]
      },
      "gross_profit":41371,
      "expenses":{
        "name":"OPERATING_EXPENSES",
        "display_name":"Operating Expenses",
        "value":0,
        "line_items":[
          {
            "name":"INSURANCE",
            "display_name":"Insurance",
            "value":0,
            "line_items":null
          },
          {
            "name":"RENT_EXPENSE",
            "display_name":"Rent",
            "value":0,
            "line_items":null
          },
          {
            "name":"UTILITIES",
            "display_name":"Utilities",
            "value":0,
            "line_items":null
          },
          {
            "name":"EQUIPMENT",
            "display_name":"Equipment & Tools",
            "value":0,
            "line_items":null
          },
          {
            "name":"ADVERTISING",
            "display_name":"Advertising",
            "value":0,
            "line_items":null
          },
          {
            "name":"VEHICLE_EXPENSES",
            "display_name":"Vehicle Expenses",
            "value":0,
            "line_items":null
          }
        ]
      },
      "profit_before_taxes":41371,
      "taxes":{
        "name":"TAXES",
        "display_name":"Taxes",
        "value":0,
        "line_items":null
      },
      "net_profit":41371,
      "other_outflows":null,
      "personal_expenses":null,
      "fully_categorized":true
    }
  }
  ```
</ResponseExample>