Yes, it's possible, 2111. I'll guide you all along.

First, let's turn on the location tracking feature. This helps you categorize your data from different locations or offices. Here's how:

1. Click the Gear icon.
2. Select Account and Settings.
3. Go to the Advanced tab.
4. Click the Pencil icon in the Categories row.
5. Tick the Track locations box.
6. Click Save, then Done. 

Next, let's add a location. Here's how:

1. Click the Gear icon.
2. Go to All Lists, then select Locations.
3. Click New.
4. Add a name, then click Save.

Then, when you create transactions, you'll have to add a specific location (refer to my screenshot).

Lastly, you can pull up the Profit and Loss by Location report. You can either customize it to show one location or leave it as is, so it'll show both locations.

Here's how to customize it to one location:

1. Click Reports.
2. Enter Profit and Loss by Location in the Find report by name field.
3. Click Customize, then click Filter.
4. Click the Location drop-down arrow, then select a specific location.
5. Click Run report. 

I'll attach screenshots for visual guidance.

I'll provide an article about saving a customized report, so you'll no longer have to go through the customization process again. You can see these reports in the Custom reports tab. 

If you have more questions, please get back to this thread. We'd be happy to fill you in.