SimplySub’s Profit and Loss Report is designed to give subcontractors a clear, practical view of how the business is performing financially.
Rather than trying to replace a traditional accounting report from your CPA, SimplySub focuses on the operational numbers you can use to make day-to-day decisions. You can review revenue, labor, expenses, total costs, profit, profit margin, cash position, outstanding invoices, projected revenue, and open purchase order commitments from one report.
What this Feature Spotlight covers
In this video, you’ll see how to:
- Run the Profit and Loss Report for a selected date range
- Review revenue, labor, expenses, total costs, profit, and profit margin
- See payments recorded, refunds, net collected, outstanding invoices, and projected revenue
- Review open purchase order commitments
- Analyze profitability by individual customer
- Analyze profitability by individual job
- Filter the report to one specific customer or job
- Drill into the financial activity behind a job
See where your money is going
A company-wide total can tell you whether the business is profitable, but it does not always tell you why. SimplySub lets you narrow the report down to a specific customer or individual job so you can better understand where revenue is coming from and where costs are being incurred.
This makes it easier to compare performance across customers and jobs while still keeping the overall financial picture visible.
Drill into the details
When you need more context, you can move from the Profit and Loss Report directly into a job’s Financials area. From there, you can filter transactions by type, search for specific records, and open individual estimates and other financial transactions for review.
Built for operational decisions
SimplySub keeps profit and loss reporting focused on information that subcontractors can actually use. The goal is not to replace your accounting system. It is to help you understand what is happening financially across your company, customers, and jobs while the work is still in progress.