📊 Understanding Your P&L Report in the Hedgi App

What it shows, why it matters, and how to actually use it.

Your Profit & Loss Statement (P&L) is the single most important report in small business bookkeeping. It tells you whether you’re actually making money — and how much of it is taxable.

In Hedgi, your P&L is generated automatically from your categorized transactions. No spreadsheets, no formulas, no stress.

🧾 What’s Included in the Hedgi P&L?

Every P&L report in Hedgi follows a clear, tax-ready format:

• 📥 Income
  Total business revenue from connected accounts (Stripe, bank deposits, etc.)

• 📤 Expenses
  Categorized by type (Advertising, Travel, Office Supplies, etc.)
  Includes both deductible and non-deductible items

• 💰 Net Profit (or Loss)
  The total that’s left over — this is what gets taxed if you’re a sole prop, LLC, or passthrough entity

🔍 Where to Find It

• On Mobile: Tap the “Home” tab to see your last month’s P&L summary

• On Web: Go to Reports → Monthly Profit & Loss

You can tap into any line item to see the transactions that make it up.

✅ Why It Matters (Beyond Just Taxes)

A clear P&L doesn’t just help at tax time — it helps you run a smarter business year-round.

• Spot overspending (subscriptions, meals, etc.)

• Track growth month over month

• Prepare for loans or grants

• Prove income for a mortgage or investment

📤 Need to Send It to Your Accountant?

Hedgi makes it one tap to export your P&L as a clean PDF or spreadsheet.
Perfect for tax prep, audits, or just record-keeping.