With the launch of our new Accounting Dashboard improvements we added a new Completed/Sold Table view which showcases all of your final profit information from all your completed flips!
The Completed/Sold Table view provides an overview of all of the high level financials for your completed projects for tax season:
- A comprehensive overview of the financials for all your completed and sold projects.
- Project details including purchase and sale dates.
- Total income generated from the property sale.
A breakdown of final project expenses, including:
- Purchase costs
- Renovation costs
- Buying, holding, and selling costs
- Clearly displayed final profit for each project, calculated by subtracting expenses from income.
Tailored for tax season:
Understanding when you recognize profit is crucial for house flip accounting. The Global Profit and Loss Report allows you to filter data by the year the property was Sold. This way, you can easily calculate your total annual Profit from all your flips – a lifesaver come tax season!
Print the Report to a PDF or Export the Report to a CSV
- Print your report to a PDF so you can share it with your accountant
- Download the data to a CSV spreadsheet so you can run your own custom calculations for tax purposes!