If you have business expenses to track, such as gym rental, travel, equipment etc, you can record this in the Expenses area. This way when you run your Profit report, those expenses will be included as part of the calculation.

You can also setup recurring expenses, for those ongoing items.

To access your expenses, head over to the Finances page and then to the Expenses tab:

To add an expense, click on the '+ New Expense' button and fill in the details:

Related articles:
How to check your client balances
How to record a payment transaction
How to send payment receipts to clients
How to create and send client invoices

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