Profit and loss
A profit and loss report for any period, with comparatives and drill-down to transactions.
The problem it solves
The core management report should come straight from the reconciled ledger.
How it works
- Choose the period.
- Review the profit and loss with comparatives.
- Drill into any line to see its transactions.
What your practice gets
- Straight from the ledger.
- Comparatives included.
- Every figure traceable.
Watch it in the product
A short recording of profit and loss in use.
Questions accountants ask
Can I compare periods?
Yes. Comparatives are shown.
Can I see the transactions behind a figure?
Yes, by drilling down.
Can I split by tracking category?
Yes. Turn on "Split by segment" when the client has tracking categories.
Related features
Features that work alongside profit and loss.
Transaction ledger
Every transaction for the client is kept in one ledger that all MYLEDGER screens read from and write to.
Profit and loss by tracking category
Split the profit and loss into a column per location, department, job or cost centre, one tracking category at a time.
VideoReports that do not break on one bad line
A single problematic transaction is set aside and flagged instead of breaking the whole report.
Financial statement pack
Build the full financial statement pack (cover, statements, notes and signatories) in the browser and export it to PDF.
VideoManagement reports
Generate narrative management reports with sections you can reorder and hide, AI-assisted rewriting, PDF export and history.
Client insights dashboard
Key figures, revenue against expenses, category breakdowns and a monthly table for a quick snapshot of a client.
See it working in your practice.
Start with one workflow and adopt more of the connected practice system over time. Your team reviews and approves the work.
14-day free trial. A payment method is required to start. Your paid subscription starts automatically when the 14 days end; cancel during the trial and you pay nothing. After the trial, a 6-month minimum term applies, then month-to-month. Commit to 12 months up front and the monthly price is 20% lower. See pricing.