Actual & Forecasted Profit and Loss Summary:

Finmark auto-generates a monthly Profit & Loss Summary (otherwise known as the Income Statement).

A Profit & Loss Summary is a breakdown of a company's revenues, expenses, and profits/losses over a given period of time.

Setting up your P&L report is as simple as organizing your expenses and payroll in Finmark. We will walk through a few examples below.

If you are using one of our ERP/Accounting integrations, we will automatically import all of your expense accounts into Finmark. Once you organize your expenses, the P&L will auto-generate. Saving you hours of time building from scratch.

If you are not integrated with an ERP/Accounting platform, no worries! The same workflow applies below when adding new expenses in Finmark.

Besides the typical Operating Expenses like Marketing expenses, and other operating expenses. There are typically expenses associated with Depreciation, Amortization, Taxes, and other non-operating expenses.

In Finmark, we have "Departments" to map expense accounts such as Amortization, Depreciation, Taxes, and Other Non-Operating Expenses.

Once you set the department for the expenses, watch the magic happen! Navigate to the reports section and you will see the data is now mapped to your P&L Summary report.