Reports
Profit you can explain, line by line
Profit and loss, invoice and expense reports, and the dashboard, built from the records themselves.
The problem it solves
Revenue with the tax still in it
Counting GST as income overstates what a business earned by the rate it charges, and a plan built on that figure is built on money that belongs to the government.
A profit nobody can explain
One profit figure that differs from the bank balance starts an argument. Without the workings, nobody can say whether it is wrong.
Reports rebuilt every quarter
The same figures are exported, filtered and totalled again in a spreadsheet for whoever does the accounts.
What it does
Profit that explains itself
A profit and loss that shows how it adds up and what it leaves out
Revenue without the GST
Sales counted before GST, so the figure is one to plan against
Reports for the accountant
Invoice and expense reports, exported to Excel or PDF
A dashboard to start from
Profit, cash, receivables and what is ready to bill on one screen
Who it is for
Companies and LLPs
A profit and loss for the whole organisation, invoice and expense reports by period, client and status, and exports for the auditor.
Agencies, studios and firms
Team pay counted as a cost when it is earned on a project, so the period's profit reflects the work done, not the day people were paid.
Freelancers and consultants
Billed, received, pending, GST and TDS for any period, to hand to whoever prepares the return.
Proprietors and small businesses
One screen each morning: profit, cash, what customers owe and what is waiting to be billed.
How it works
How the profit adds up
Sales less direct costs is gross profit; add other income, take away running costs, and what is left is net profit — each line with a sentence saying what it counts.
- 1SalesTax invoices, before GST
- 2Direct costsTeam pay and project costs
- 3Other incomeInterest, rent, grants
- 4Running costsApproved bills, before GST
- 5Net profitWhat is left
An example, not live data.
What the profit leaves out, and why
Every figure the profit leaves out is listed beside it with the reason, so a difference from the bank balance is explained rather than argued about.
| Left out | Why | Where it shows |
|---|---|---|
| GST | Collected for the government | The GST page |
| Proforma invoices | A request, not yet a sale | Invoice reports |
| Loans and capital received | Money in, but not earned | Cash inflows |
| Buying equipment | An asset, not a running cost | Expense reports |
This is profit, not cash: the dashboard's net cash flow answers the other question.
An example, not live data.
The dashboard
The first screen after signing in: profit, cash, what clients owe, what is waiting as a proforma, and the milestones ready to bill, for whichever period is chosen.
An example, not live data.
Everything it covers
Profit and loss
Invoice and expense reports
Dashboard
Cash inflows
What it does not do
Questions about reports
Is revenue shown with GST in it?
No. Output tax is money collected on the government's behalf, not income, so it is excluded from revenue. The figure is one you can plan against.
Which reports can I export?
The invoice and expense reports and the bank reconciliation report, as Excel or PDF — the expense and reconciliation reports as CSV too. A project's report and every invoice and quotation download as PDF, and the outward supply data leaves as the JSON the portal expects.
Do the reports agree with the documents?
They are built from them. A figure that disagrees with an invoice or an expense is a defect worth reporting, not a rounding difference.
Can my accountant see the reports without changing anything?
Not quite. Accountant sees every record and the reports and can export them, and it can also record and approve expenses. Viewer changes nothing, but does not include the reports.
Start free. No card required.
1 project, 5 clients and 3 invoices a month.