[fa icon="chevron-up"]

New Feature: Your Profit and Loss Is Now Part of the LivePlan Dashboard

[fa icon="calendar"] Mon, Jun 10, 2019 / by Noah Parsons

LivePlan Product Update

This past month, I used the LivePlan Dashboard for the first time at a board meeting for a nonprofit that I volunteer at. We reviewed our budget and how we were performing compared to our plan. We’d been doing this for a while, but with boring reports out of QuickBooks that most board members struggled to wade through.

This time, we used LivePlan. The LivePlan Dashboard brought the numbers to light in a way that everyone could easily understand, and highlighted key areas that we needed to focus on. It was a game changer.

The only thing we missed was being able to see our complete profit and loss statement. The LivePlan Dashboard had all the components—revenue, expenses, profits, and so on—but not in a single P&L report.

I’m happy to announce that we’ve solved this problem and added the full profit and loss statement to the LivePlan Dashboard. You can now review your P&L compared to your forecast, the previous period, and the previous year—all on one page. You can even view the data by month or segmented by class, if you use that QuickBooks feature.

LivePlan-Dashboard-PL

It’s really useful to use a report like this on a projector during a meeting, but often times it’s best to print the report out and bring packets to your meetings. The LivePlan Dashboard does that as well, with customizable report content and a cover page.

Try this new feature out and let us know what you think.

This post originally appeared on the LivePlan Blog.

Noah Parsons

Noah Parsons

Noah is currently the COO at Palo Alto Software, makers of Outpost and the online business plan app LivePlan, and content curator and creator of the Emergent Newsletter. You can follow Noah on Twitter.

Topics: LivePlan Software for Advisory

Content, tips and best practice for accountants, CPAs and bookkeepers who offer Strategic Advising Services to small business clients.

Subscribe to Email Updates

Recent Posts