How do I know how much my business made this month?
Ask Mei on WhatsApp “how much did I make this month”, or “today” or “this week”. Lucco Boss replies with money in, invoices, expenses and profit, worked out from the entries in your books.
What the number is
Profit and loss from your books: sales from approved invoices, minus expenses and, if you switched it on, cost of sales.
Invoices and money in are different
Mei shows money received and invoices issued apart, so a big invoice not yet paid does not look like cash in hand.
Drafts
Invoices you have not sent yet are shown on their own line and are not counted above it, so a number right after you make an invoice is not a surprise.
For your accountant
The full profit and loss and balance sheet are in Reports, and your accountant reviews the same numbers.
Questions bosses ask
Does it count money I took for myself?
No. Owner drawings are recorded apart and do not lower your profit.
Is it the final number?
It is what is recorded so far. Your accountant's adjustments at month end can change it.
Updated · Lucco Technology
