Receipts Manager by Zybra

Zybra Accounting Software is an easy to use cloud based accounting software for Small & Medium scale business. It makes Accounting EffortLess and can be accessed Anytime & Anywhere. Zybra is a feature rich software with many features including 1. Dashboard – Real-time updates of data in graphical form. Shows graphs of Total Receivables, Total Payables, Cash Flow, Top Expenses, Income vs Expenses and more. 2. Contact – User can manage all the contacts of Customers & Vendors. User can also view the receivables & payables of each of them & generate customer/vendor statements. 3. Inventory – User can manage basic inventory of items/services. 4. Banking – All Cash & Bank Accounts can be added & managed here. 5. Sales – User can Add/Send/Edit/Covert Estimates/Invoices/Recurring Invoices/Credit Notes/Payment Received for sales related transactions the business. 6. Purchase – User can Add/Send/Edit/Covert POs/Bills/Recurring Bills/Vendor Credits/Payment Made/Expense/Recurring Expense for purchase related transactions the business. 7. Accountant – All chart of accountants & Journal Entries can be managed here. 8. Taxes – User can create different Taxes, Compound Taxes for sales & purchase entries. 9. Documents – This is a basic DMS for all bookkeeping related documents(Invoices/Bills/Receipts/Bank Statements)[this works well with Receipts Manager App]. 10. Reports – Gives access to 40+ different reports including P&L, Cashflow & Balance Sheet 11. Organization Profile – User can manage details about their organization & add logo for each transaction document that is generated. 12. Opening Balances – to enter the opening balance of the last Financial Year when starting to use the software 13. User & Role Management – Apart from basic accounting features, user can also invite/control access to different users for Add/View/Delete rights for different section. 14. Module Preferences – Activate/Inactivate modules when not needed for the business. 15. Live Chat Support – a 24x7 live chat support is provided inside the software.
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Benefits of Profit and Loss Statement for Small Business

  • Posted on Jan 21, 2021
  • |
  • By Shrotriyo S


If you’re familiar with the world of small businesses, then you’re no stranger to the awful lot of statements that come with it. The most important of these financial statements being the Profit and Loss statement, which has existed for as long as huge corporates and small businesses have existed.

Now, what is a Profit and loss statement?  

The profit and loss statement is a financial statement which summarizes the revenues & expenses, that a small business earns or bears during a particular period of time, usually a quarter or an year. It is an accrual basis of accounting. The P&L statement is also called as the income statement.

Profit and Loss Statement for Small Business - Zybra - Billing & Accounting Software and app

Sample Profit and Loss Statement for Small Business – Zybra


The P&L may be a simple financial statement but, the importance of profit and loss account to a small business is immense. Some of which are following;-

Benefits of profit and loss statements for a small business.

Measure of Profitability


The guiding principle for any business is profit. Although there are other measures of net-profit in a business, a P&L statement paints a more nuanced, lucid picture of the business’s financial standing. The P&L statement not only specifies the Gross Profit but also makes it easier for you to assess the expenses to curb down & maximize the net-profit. Therefore, a profit and loss statement for a small business is of principal importance.


Comparison and Analysis. 


It is essential for small businesses to make regular changes to prosper in today’s dynamic market conditions. The importance of profit and loss accounts is also reflected on comparison of these statements from different accounting periods, as the change in revenues, operating costs, and net earnings over time are more meaningful than the numbers and statistics. For example, comparing P&L statements of different financial periods will not only help you rectify simple human errors, like overcharging depreciation but, also highlight more severe problems like poor debt collection in a particular year. 


Facilitates Raising Capital


Capital is one of the most important factor behind any business’s success. Be it a small or a mid-cap business, to raise further capital a company has to produce its financial statements. For small businesses trying to raise Small Business Loans from a bank or other financial institutes, producing P&L statements with improving profit margins for consecutive years is a positive step towards raising further capital. It also helps growing private companies to become publicly traded companies. The P&L statement along with other financial statements must be submitted to the Registrar of companies by the private company for the conversion into a public company. The P&L statement later acts as an analysing tool for the prospective investors during the Initial Public Offering. 

Although a profit and loss statement in small business acts as a financial barometer, it is fairly simple to draw and maintain. The above mentioned are the major benefits of a profit and loss statement for small businesses.

Here is a sample profit and loss statement for small business – Link To Sample PDF
Additional read – How to make a P&L statement.

  • Posted on Jan 21, 2021
  • |
  • By Shrotriyo S
  • |

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