How do I make a profit and loss report

Kevin K
Kevin K Member
edited August 2023 in Using Reports

For Tax preparation having a Profit and Loss report would be helpful to assist the annual ritual we all go thru every April. Quicken and Quickbooks offers this. I can't find it in Simplify. Searching for it I'm just seeing questions and asks for it. Is there a P&L report in the works.

Thank you

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  • DannyB
    DannyB Superuser ✭✭✭✭✭
    Answer ✓

    Hi @Kevin K I can’t answer for the product team, but I don’t think Simplifi is meant to be used for business accounting and my understanding is that a P&L is one of several typically quarterly reports issued by companies and not something used in personal money management. I would expect Quicken and Quickbooks to have such a report since those are actual accounting apps that can be used for business accounting. But I may be wrong.

    Danny
    Simplifi user since 01/22
    ”Budget: a mathematical confirmation of your suspicions.” ~A.A. Latimer
  • Coach Natalie
    Coach Natalie Administrator, Moderator admin
    Answer ✓

    Hello @Kevin K,

    Thanks for posting your inquiry to the Community!

    @DannyB is correct — Simplifi does not currently offer a Profit & Loss Report. We do have an existing Idea post requesting one, though, so I'd definitely suggest adding your vote and feedback!

    https://community.simplifimoney.com/discussion/4939/profit-loss-report

    -Coach Natalie

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