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Because it is assembled after the close. By the time the figure can be trusted the quarter is over, and the decision it should have informed was made on a guess weeks earlier.
The profit and loss statement shows income and expenditure for a period, sliced by any dimension the postings carry — entity, branch, cost centre, project.
It reads the ledger directly, so it is current to the last posting. Filter by dimension, compare against budget or prior year, and drill from any line to the documents beneath it.
A project looks profitable until delivery time is counted. Filter to that project and the cost of the work from Loop sits against the revenue it earned, in one view.
It will not tell you why a line moved. It shows what moved and lets you drill; the reason is still a conversation.
Every posting feeds it: invoices, bills, claims, payroll, depreciation and accruals. Budgets supply the comparison and cost centres the split.
Yes. Dimensions combine, so branch within project or the other way round.
Yes, live — with the caveat that accruals may not be in yet.
Yes, with variance in both value and percentage.
Fourteen days, every module, no card. Or half an hour with someone who will run it on your own records and tell you where it does not help.