Are there Financial reports, like Profit & Loss?

Financial Reports: Profit and Loss & Balance Sheet

Also searched as: P&L report, P/L, income statement, balance sheet, financial statements, running reports

HOA Start's Financials section offers two key reports to help you understand your community's finances.

What Each Report Shows

• Profit and Loss Report (P&L / P/L) – Shows income and expenses over a chosen time period (month, quarter, year, or a multi-year range). Use it to review overall cashflow and see where costs exceed or fit within income.
• Balance Sheet Report – Shows account balances over a chosen time period, including bank, credit card, asset, and equity accounts, so you can see the positive or negative balance in each.

 How to Create a Profit and Loss Report

Search terms: run P&L, income and expense report

1. Click the Financials tab, then the Reports tab.
2. Click Profit and Loss Report.
3. Click the Date Range box and select a start and end date on the calendar, then click Set. (Both dates are required.)
4. Under Display Columns By, choose how you want the data grouped: Totals, Month, Quarter, or Year.
5. Click Run Report to view it.
6. Click Export as PDF to download a copy.

 How to Create a Balance Sheet Report

Search terms: run balance sheet, account balances report

1. Click the Financials tab, then the Reports tab.
2. Click Balance Sheet Report.
3. Click the Date Range box and select a start and end date, then click Set. (Both dates are required.)
4. Under Display Columns By, choose Totals, Month, Quarter, or Year.
5. Click Run Report to view it.
6. Click Export as PDF to download a copy.