Profit & loss
Revenue minus categorized expenses, with planning percentages and a top-vendor breakdown.
The Profit & loss report (sidebar → Profit & loss) shows revenue and expenses by category over time. Revenue & expenses is a simpler single-page summary of the same data.
What's in the report
- Revenue side — every revenue category, summed per period.
- Expense side — every expense category, summed per period.
- Net — revenue minus expenses.
- Planning percentages — each category can carry a target percentage of revenue; the report shows actual vs. plan. You can toggle planning percentages for past months on or off via the report's Settings button.
- Top expense vendors — biggest counterparties under each expense category, useful for "where did all the money go" questions.
Count revenue when invoiced
If you invoice customers and wait for payment, counting revenue only when the money arrives understates months you already billed. So by default the P&L also counts invoices that are issued but not paid yet. The report's Settings button has a setting for this, Count revenue when invoiced; switch it off to count revenue only when payment lands.
With it on:
- Every issued, unpaid invoice from Stripe counts as revenue, spread over the months its service period covers. An invoice billing July through September adds a third of its net amount to each month.
- Clicking a P&L cell shows these amounts in their own drill-down section, Invoiced, not yet collected, between collected revenue and planned amounts. The numbers add up to the cell.
- When the payment arrives, the invoice's share moves from the invoiced section to collected revenue. The total doesn't change; only its split does. Nothing is ever counted twice.
Amounts are net of tax, matching the rest of the P&L. Invoices in another currency convert at the monthly average rate, same as transactions.