Profit and Loss Reports
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      1. Bookkeeping Knowledge Base
      2. Profit and Loss Reports

      How does the P&L App work?

      If you haven't used the Profit and Loss App before, below is a quick overview

      Employment consultants refer their self employed Job Seekers to us to prepare a profit and loss report. A copy of the report is emailed to both the Job Seeker and yourself.

      Step 1 - Job Seeker completes the P&L Request

      The Job Seeker (or you, if you are helping them out) need to request a P&L report via the App. You can access the App here.

      If the Job Seeker  is unable to submit the P&L request themselves, either the Job Seeker or the Employment Consultant can send the details below through to us and we can submit it manually. There is a 50% surcharge for this service. See pricing table in the App for details.

      The following information will need to be provided by the Job Seeker:

      Personal Details

      • Name
      • Email
      • Phone
      • 13 week Reporting period (provided by Employment Consultant)

      Business Details

      • ABN
      • Type of Business

      Employment Consultant Details

      Your details are required so that we can contact you, and also so that we can email you a copy of the report.

      Documents

      The following documents will need to be emailed through separately

      • Sales invoices
      • Expense Tax Invoices (if applicable)

      Step 2 - Payment

      Once the P&L Request has been made you will receive an email with a payment request.

      Click on the link provided in the email and make the payment using a corporate credit card.

      An invoice will be emailed to you immediately and we'll get started on producing the report.

      Step 3 - Email invoices

      Ensure that the Job Seeker (or you, if you are helping them) email all sales and expense invoices for the reporting period

      If you do not have invoices, send through a copy of the Job Seeker's bank statement with all business-related transactions highlighted.

      Step 4 - Preparation of the Profit and Loss Report

      Once payment has been received one of our Bookkeepers will prepare the Profit and Loss report.

      If they have any questions they will contact you directly

      Step 5 - Receiving a copy of the report

      Once complete, a copy of the report will be email to both the Job Seeker and yourself.

      Step 6 - Making Changes

      If changes are required after the report has been produced, additional changes will be incurred. See the App for the latest pricing