A Profit & Loss (P&L) Report is a financial statement that summarizes the total income and total expenses of a business for a specific timeframe. The P&L provides insight into the business’ financial performance by showing the overall profit or overall loss of the business for the specified timeframe.
Exporting your P&L Report
In Hurdlr, you can export a P&L for this year, last year, or any custom timeframe that you’d like. If you’re tracking multiple businesses in your Hurdlr account, you’ll typically want to export a separate P&L per business.
To export your P&L:
On the Mobile App
On the Mobile App
Tap 3 dots in top left corner of the app
Tap Profit & Loss
Set the Start Date and End Date of the report
If you’re tracking multiple businesses, tap on the Businesses field and select which business you’d like to generate a report for
If exporting via email, add any additional email recipients by tapping the +Add New
Tap the Export Report button
Select whether you’d like to download the report to your device or email it
On the Web App
On the Web App
On the left side of the screen, click Reports
Click Profit & Loss
Select the Date filter to choose a default date range or set your own custom range
If you’re tracking multiple businesses, click the Business filter and select which business you’d like to generate a report for
View your report directly in the web app or click the Download button or Email button to export your report
Understanding your P&L Report (Free & Premium)
Since the P&L is a high-level overview, it uses the transaction’s tax category rather than the individual expense category that you’re using in Hurdlr. As such, the line items in the P&L reflect the combined total for multiple transactions under multiple individual expense categories.
To better understand which categories you’ve used in Hurdlr are mapping to a particular tax category in the P&L, you can export the Tax Details Report by following the steps here. Once you’ve opened your report, navigate to the Business Expenses List tab of the spreadsheet. Here you’ll be able to see both the category that you tagged the expense to in Hurdlr (column A) and the corresponding tax category that’s reflected in the P&L (column B).
Understanding your P&L Report (Pro)
Hurdlr Pro includes advanced accounting features, giving you access to the General Ledger (GL), Journal, Chart of Accounts (COA), and advanced accounting reports like the Balance Sheet. To streamline and unify your accounting and reports, the P&L for Hurdlr Pro users reflects the GL accounts.
To better understand the categories you’ve used in Hurdlr that are mapping to a particular GL account, you can export the Tax Details Report by following the steps here. Once you’ve opened your report, navigate to the Business Expenses List tab of the spreadsheet. Here you’ll be able to see both the category that you tagged the expense to in Hurdlr (column A) and the corresponding GL account that’s reflected in the P&L (column D).
What is the Other Expenses section of the P&L?
If you’re tracking your quarterly tax payments in Hurdlr, you’ll see Income Taxes reflected in the Other Expenses section of your P&L. This line item reflects the total amount of tax payments you’ve tracked for the specified timeframe.
In addition to Income Taxes, Hurdlr Pro users may see other advanced transactions that they tracked (such as Penalties, Interest and Settlements or Other Non-deductible Expenses) reflected in the Other Expenses section of the P&L.