# Profit & Loss and Net Income

**Net income** is the result of all revenues and gains minus the cost of goods sold, expenses, and losses over a given period. In Bkper, you can track this figure in real time by grouping your incoming and outgoing accounts under a single cross group.

## Setting up the Net Income group

Place all incoming and outgoing accounts into a cross group called **Net Income**. This group spans both account types, so its balance always reflects the difference — your profit or loss for the selected period.

## Reading the result

Once the group is in place, the sidebar shows the **Net Income** balance alongside the individual incoming and outgoing totals. The value updates automatically every time a transaction is posted against any account in the group.

Use the date slider above the balances to navigate between periods and compare results month by month.

> **Tip**
> The [Profit and Loss Report on Google Sheets](https://bkper.com/docs/guides/templates/profit-and-loss.md) guide shows how to pull these balances into a spreadsheet and build a shareable P&L statement.