Turn a bank statement export or a spreadsheet of transactions into a draft profit and loss (P&L) statement with categorized revenue and expenses.
What you get
- Every transaction classified as revenue, cost of revenue, operating expense, other income or expense, or not P&L
- A statement from revenue through gross profit, operating income and net income before tax
- One plain-language sentence under each line saying what it includes
- A table of excluded items, such as owner draws, transfers and loan principal, with reasons
- A reconciliation of money in and out against the P&L
- A list of questions for your accountant and an "Uncategorized" bucket instead of guesses
Who it's for
Small business owners who are not accountants and want to see how the business did over a period.
Works with Claude, ChatGPT and other AI chats.
Not accounting or tax advice, and it does not replace an accountant. The result is a draft to be reviewed. Remove account numbers and personal details before pasting bank data into any AI tool.
Already have your totals? The free income statement and financial statement generator lays them out with every subtotal recalculated.