Income Statement
See how your business earns and spends money — with an income statement that turns raw transactions into a clear view of revenue, costs, and profit that’s ready to share with your team and stakeholders.
Profit and Loss Statement Software
An income statement (profit and loss, or P&L) tells you whether the business is making money over a period — not just how much cash is in the bank. It shows revenue, cost of sales, and operating expenses, ending with profit.
Bookkeeping AI keeps your P&L connected to the underlying accounting data, so you can trust that every line comes from real transactions and reflects the way the business actually runs.
Every line in the P&L is built from booked income and expense entries — without manual exports and copy‑paste work.
Compare months, quarters, or years side by side — and understand how performance is changing over time.
See how P&L profit relates to cash on hand — and why they differ when invoices are unpaid or expenses are accrued.
Income Statement Format
A useful income statement groups your numbers into clear sections: revenue, cost of sales, gross margin, operating expenses, and profit. The layout should follow your business model, not force you into a one‑size‑fits‑all template.
Bookkeeping AI uses your chart of accounts and mapping rules to assemble a structured P&L — so you can see topline, margins, and operating costs in a way that makes sense for your products and markets.
Run the report by month, quarter, or year, compare periods side by side, and export to PDF or Excel when you need to share or archive results.
Follow the flow from top‑line revenue through cost of sales, operating expenses, and down to operating and net profit.
Configure which accounts roll into each section — so your income statement speaks the same language as your general ledger.
Financial Reporting Automation
Closing the books shouldn’t mean days of manual exports and reconciliations. Financial reporting automation ensures that once transactions are coded correctly, your income statement stays current and ready for review.
Bookkeeping AI fits into your existing close process, pulling in journal entries, accruals, and adjustments — and giving you consistent P&L views every month without rebuilding them from scratch.
Use the same P&L views every month — so you can compare results over time without reconfiguring reports.
Generate income statements directly from your general ledger — so you can drill back to entries when questions come up.
Balance Sheet Software
A strong income statement only tells part of the story. To really understand performance, you need to see how profit connects to assets, liabilities, and equity on the balance sheet.
Bookkeeping AI keeps your P&L and balance sheet in sync, with drill‑downs from high‑level totals to the underlying accounts and documents — so you can move from “top‑line” numbers to the transactions behind them in a few clicks.
For broader dashboards and trend analytics, see Dashboards and Analytics.
See how income statement results roll into retained earnings and other balance sheet accounts.
Click into P&L or balance sheet lines to see the journals and source documents — making reviews and audits faster.
Use income statement software that stays tied to real transactions, supports your close process, and connects naturally to the balance sheet — so every discussion about performance starts from numbers you trust.