Profit and Loss Report

Question

Hi guys,
Can anyone explain why my profit and loss reports on Odoo online shows the NET PROFIT, but hasn't had the cost of goods sold taken out of it??

From 01/07/2017 to 10/02/2018
INCOME
Gross Profit
Operating Income $ 62,583.86
Cost of Revenue $ 28,373.58
Total Gross Profit $ 34,210.28
Other Income $ 0.00
Total INCOME $ 62,583.86
Expenses
Expenses $ 8,786.49
Depreciation $ 0.00
Total Expenses $ 8,786.49
NET PROFIT $ 53,797.37

Ermin Trevisan · Accepted Answer

I can not understand your question. Can you be more specific and/or are you aware of the relevant accounting terms and approaches? See https://www.investopedia.com/ask/answers/112614/whats-difference-between-cost-goods-sold-cogs-and-cost-sales.asp

[1] https://www.investopedia.com/ask/answers/112614/whats-difference-between-cost-goods-sold-cogs-and-cost-sales.asp

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From 01/07/2017 to 10/02/2018
INCOME
Gross Profit
Operating Income	$ 62,583.86
Cost of Revenue	$ 28,373.58
Total Gross Profit	$ 34,210.28
Other Income	$ 0.00
Total INCOME	$ 62,583.86
Expenses
Expenses	$ 8,786.49
Depreciation	$ 0.00
Total Expenses	$ 8,786.49
NET PROFIT	$ 53,797.37