You can generate a profit & loss (P&L) statement in Pallo for any of your businesses in Pallo. Simply go to more, go to reports, select the business, then select the time period and generate the report.

Exporting your transactions from Pallo with your tag and category data allows you to dive deeper into your data in excel

It's always helpful to be able to organise yourself, to understand which transactions, invoices, trips and time are related to specific clients or projects. That's what tags is for.