Build Live P&L Statements

Introduction

Generate comprehensive P&L statements that reflect the financial status across all your organization's accounts. These reports provide detailed insights into revenue streams and expense allocations.

How Does the Live P&L Work?

As transactions are coded and marked as complete, the P&L statement is automatically updated, ensuring that your financial data is always current. Your team can code all transactions as specific types of revenue or expenses to match your chart of accounts.

Build Live P&L Statements

Step 1: Open the Accounting Settings

On the left-side menu, select 'Settings.' Then from the settings menu, select 'Accounting.'

Step 2: Open All the Incomplete Transactions

To see transactions in the P&L, they must be marked as complete. All incomplete transactions will be available here to easily review, code, and mark as complete.

Step 3: Review the Incomplete Transactions and Click to Open the Transaction Details

Step 4: Add an Accounting Code, Mark the Transaction as Complete, and Save All Changes

With the accurate accounting code added, mark the transaction as 'Complete.'

Save all changes.

Step 5: Navigate Back to the P&L by Clicking the Blue Icon

Step 7: Apply Filters to Review Custom Date Ranges

Select a date range to apply it to the P&L. The date range selection will change the data that is used to calculate the P&L statement.

Step 8: Select an Account to View the P&L for an Individual Account

Click the account name or the 'All Accounts' default option.

Select the account to review its P&L.

Step 9: Download the P&L to Export the Data as an Excel File

If popups are enabled for your browser, you will see the file in your Downloads folder immediately.

Finally, open the file to review the P&L data for the date range you selected.

Contact Our Team

Please contact our team if you have any questions: [email protected].