An income statement, or profit and loss statement, is a summary of your business revenue and expenses over a period of time. It results in a net profit or a net loss. It also provides an organized view of each accounting category so you can see exactly how your money is being spent.

When you complete a sale, the deposit into your bank account is revenue. Any money spent in the operation of your business can be classified as an expense. This is a very broad statement and where my expertise helps you the most. It takes knowledge of accounting principles along with wisdom to properly categorize a business’s unique expenses.

I categorize transactions using your bank statements so there will be a separate income statement for each bank account you provide. However, it will not be a separate payment for each bank account. The total amount of transactions across all bank statements will determine the price. (For example: Three bank accounts with 150 transactions each are 450 transactions total so you should select 0-500 transactions)

This makes it very difficult to properly categorize and calculate your business income. I will still treat it as a business bank account and it will be up to you to reclassify your personal transactions using the methodology I provide.

No problem! When I send your income statement, I include my methodology and the exact process I used. You will have all the information you need to make your own income statement next time.

My 10+ years of experience is in Quickbooks! I have clients with annual revenues of $100k all the way up to $6.5M. All of my clients require advanced bookkeeping in Quickbooks and special reports I create. I regularly work directly with their CPAs and tax preparers.

We take data security seriously and ensure your information is encrypted and handled with the utmost confidentiality.

Yes, our professional income statements are designed to be easily used by your CPA for tax purposes.