Build Live Profit & Loss (P&L) Statements
With all transactions marked as complete, Mazlo builds a P&L statement to provide live insight into your organization's financial standing.
Introduction
Generate comprehensive P&L statements that reflect the financial status across all your organization's accounts. These reports provide detailed insights into revenue streams and expense allocations.
How Does the Live P&L Work?
As transactions are coded and marked as complete, the P&L statement is automatically updated, ensuring that your financial data is always current. Your team can code all transactions as specific types of revenue or expenses to match your chart of accounts.
Build Live P&L Statements
Step 1: Click the Gear Icon ⚙ in the Upper Right Corner and Click on 'Accounting'
Open the account settings.
Select 'Accounting' to open the P&L.
Step 2: Open All the Incomplete Transactions
To see transactions in the P&L, they must be marked as complete. All incomplete transactions will be available here to easily review, code, and mark as complete.
Step 3: Review the Incomplete Transactions and Click to Open the Transaction Details
Step 4: Add an Accounting Code, Mark the Transaction as Complete, and Save All Changes
Step 5: Navigate Back to the P&L by Clicking the Blue Icon
Step 6: Review Your Organization's P&L Statement for the Past 30 Days
Step 7: Apply Filters to Review Custom Date Ranges
Select a date range to apply it to the P&L. The date range selection will change the data that is used to calculate the P&L statement.
Step 8: Download the P&L to Export the Data as an Excel File
If popups are enabled for your browser, you will see the file in your Downloads folder immediately.
Finally, open the file to review the P&L data for the date range you selected.
Contact Our Team
Please contact our team if you have any questions: support@mazlo.com.
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