Reports, expenses, mileage and the tax summary

Reports (top menu) has three tabs: Reports, Expenses and Payroll. Pick This month, Last month, This year, Last year or your own dates.

Reports shows Collected (every payment, part payments too, on the day it came in), Expenses, Profit (collected minus expenses) and Unpaid right now; invoiced vs collected; money in and out by month; collected by payment method (Cash, Check, Venmo, Zelle, Card, Other); expenses by category; top students; and, with a team, collected by teacher. Fees on invoices (recital fees, late fees) count as income, less any discounts.

Expenses: click "+ Add expense" (date, amount, a category such as Sheet music & books, Studio rent, Software & apps or Instruments & equipment, and what it was for), or "Log a trip" for mileage. Set miles or kilometers and your rate once in Settings › Mileage rate. Payroll you mark as paid can be added to Expenses automatically.

Tax summary (a button on Reports): income (with fees, and by payment method), expenses by category, net profit and a quarterly table for any year, with "Print or save as PDF". Handy for your accountant or estimated taxes, but it isn't tax advice. For a running "how much to put aside" figure each quarter, turn on the Quarterly tax set-aside card (see "The quarterly tax set-aside card").

Download CSV files for Excel, Numbers or Google Sheets under "Download your data" at the bottom of Reports. Not included yet: receipt photo uploads, bank connections, or QuickBooks or Xero integrations.