Final Profit Statement Tutorial

Learn how to use the Final Profit report to review your rehab profit and income that can be given to business partners or used as income statement during tax season.

Video Transcript

Introduction

The Final Profit Report summarizes your total investment, total expenses, and gross income netted from the sale of the property.

The Final Profit report is a powerful accounting report that shows the final profit earned on the project, which can be given to business partners or used as income statement for tax season.


Where does the Final Profit information come from?


The Final Profit Report pulls the purchase price, projected repair costs, fixed costs and Resale Value from the Project Forecastor.

 Important Tip

Tip:  If Final profit report is truly the final profit statement, make sure that the % complete on the Repair Forecaster & the Project Forecaster are plugged in at 100% for the every cost item.

By plugging in a 100% in every cost item, you are telling the report that you are 100% complete with the project.

 Accessing the Final Profit Report

To access the Final Profit Report you can navigate to the Accounting Dashboard or you can access the report from the Reporting Dashboard.

 Printing the Final Profit Report

You can review the Financial Profit Report directly in Excel, or you can print the report using the standard Excel print settings.