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Get a live overview of your P&L, broken down by month and by classes. A class can be used as a department, location, unit, or other.
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Compatible with
Excel
Google Sheets
Integrations
QuickBooks
Live data
LiveFlow
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Thank you very much for showing interest in further learning the Profit & Loss by Month & Class Template. In this article, you will learn the Profit & Loss by Month & Class Template, why you are recommended to use it, and what components the template contains.
In this template, you can view monthly income statements by class from different angles. For example, you can see comparisons of two sets of monthly figures for different segments and periods (e,g, Jan 2022 data for Segment A v.s. Feb 2022 data for Segment B), comparisons of two pieces of monthly data for different months for a specific class, and so on. The back data comes from your QuickBooks Online account via LiveFlow and is automatically updated and refreshed as you set up. So, once you bake in your work on top of what exists in the template, you can quickly and effortlessly update the data in the future.
Analyzing financial data by class involves examining information based on different categories or classifications within a company's accounting system, such as product lines, regions, customer types, or cost categories. This analysis is essential because it can provide insights into profitability, cost allocation, performance evaluation, budgeting and forecasting, and decision-making, as described below.
On this sheet, you can see the comparison of two classes selected for the specified month. You can choose one of the classes available in Column C with a particular month and another in Column D. You can select different periods for the chosen classes. The % changes are shown in Column E. They are automatically computed once you choose the categories and months for the accounting items. In summary, you can compare two monthly financials flexibly.
In this tab, you can compare different monthly financials by class (e.g., monthly data for Dec 2021 vs. Jan 2022 for a specific category). You can easily switch the data shown by selecting a different period option in a drop-down menu in Row 11. By default, you have a monthly data comparison for each of the three classes, Los Angeles, New York, and San Francisco.
In this worksheet, you can look at monthly financial data for a selected class for the last two years. This sheet shows similar information to what you have in one of the back-data sheets, Los Angeles, New York, or San Francisco, but without items that have had no value over the last two years.
On this worksheet, you can see monthly financial data for all classes for the last two years. The numbers are categorized by period. For example, you will easily compare monthly financial data for January 2021 for all groups at a glance (on an absolute number basis).
By default, these sheets contain monthly financial data by class for the last two fiscal years. You can connect your account(s) and show refresh the financial data shown on the tabs quickly. The numbers on these worksheets are referred to on other sheets discussed
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The template is created by LiveFlow - LiveFlow is a software platform that helps businesses to automate financial workflows and manage their finances with ease.
You will gain unlimited access to the template once you have downloaded it.
Yes! You can book a call with us for implementation support or email us if you need help.
Premium templates are available at a one-time fee. Choose a premium template and book a demo to learn more.
The template is created by LiveFlow - LiveFlow is a software platform that helps businesses to automate financial workflows and manage their finances with ease.
You will gain unlimited access to a premium template without any time restrictions.
Yes! You can book a call with us for implementation support or email us if you need help.