Finance Manager A-Z

Organizing your finances has never been easier!

With our finance manager, you will be able to start tracking your business mileage, finances, and taxes all in one place!

By the time you finish reading this article, you will understand what needs to be done every step of the way.

Your Finance Manager dashboard looks like this:

 

It might look like a lot at first, but rest assured that it is very simple.

 

In order to simplify everything (because it may look a little overwhelming at the beginning), take a look at the detailed explanation for each section of this dashboard and how it will help you:

Cash flow-

Represents all of the transactions that are tracked in the Income and Expenses Dashboard  (including Bank Transfers, Assets, Equity, Liabilities, etc.). It’s a true representation of the total money flowing into and out of your accounts. 

By clicking the date drop-down, you will be able to view and filter the data for this year, this month, this week, last month, or last year.

Expenses

This represents all of the business expenses that are tracked in the Expense Dashboard (or Transactions Dashboard if using that instead of Income/Expenses). 

  1. This summarizes your overall business expenses, total business expenses for the current month, and totals for your top 3 categories of business spending.
  2. It’s important to note that these totals do not reflect manual journal entries or advanced transactions like Bank Transfers, Assets, Equity, Liabilities, etc.   
  3. By clicking the date drop-down, you can view the data for this year or last year.  

Invoices

Represents the invoices you have sent. 

  1. This summarizes the paid, unpaid, and overdue invoices, giving you a glimpse of the total invoiced vs. the total outstanding. 
  2. There is no date filter here, so it represents the complete history of your account.

Mileage

Represents all of the business mileage that you have tracked. 

  1. This summarizes the total mileage deduction and total business miles tracked. It also shows a graphical representation of the monthly business mileage you’ve tracked. 
  2. By clicking the date drop-down, you can view this data for this year or last year. 

Personal Expenses

Represents all of the personal expenses that you have tracked in the Expenses Dashboard. 

  1. This summarizes your total personal expenses, total personal expenses for the current month, and totals for your top 3 categories of personal spending.
  2. By clicking the date drop-down, you can view the data for this year or last year.

Profit+Loss

Represents your overall profit or loss in the business. 

  1. This represents the business income, business expenses, and the resulting self-employed taxes. 
  2. The Income and Expense totals here are based on the general ledger entries.
    1. If you are using the accrual method of accounting, the income total will represent all invoices that have been sent regardless of whether you have been paid yet. 
  3. By clicking the date drop-down, you can view this data for this year, this month, this week, last month, or last year.

Income

Represents all of the transactions that you have tracked in the Income Dashboard. 

  1. This summarizes your business’s total income as well as the monthly total. It also shows a graphical representation of the monthly business income that you have tracked.
  2. These totals do not reflect manual journal entries or advanced transactions like Bank Transfers, Assets, Equity, Liabilities, etc. 
  3. By clicking the date drop-down, you can view this data for this year or last year. 

Taxes

Represents your tax obligation on your self-employed income. 

  1. We estimate the federal, state, and self-employment taxes owed on the user’s self-employed income. 
    1. The Federal total represents federal + self-employment taxes (ie. Social Security Tax and Medicare Tax)
    2. The State total represents state taxes, if relevant.
  2. By clicking the date drop-down, you can view the data for this year, the projected year, Q1, Q2, Q3, Q4, last year, or Q4 of last year.

That was everything you need to know about your Finance management dashboard!

Once you’ve purchased the Finance Manager, you will notice that your left-hand menu has changed to make it easier for you to navigate through your Finance Manager sections:

 

We hope that this was helpful and that when using the Finance Manager you will notice how simple managing and handling your finances can be!

Please note that legal laws and regulations are subject to frequent changes. While we aim to provide helpful information, it's important to understand that this page serves only for informational purposes and does not provide legal or tax advice.

More questions? Getting in touch with us is easy, whether you prefer sending an email to contact@tailorbrands.com, giving us a call at +1-888-355-5955, or simply clicking the Help button located in the bottom right-hand corner of our website.

Was this article helpful?
3 out of 5 found this helpful

Articles in this section

Kickstart your Business
You can start your business using our amazing products, features, and tools.
Follow us on Twitter
Get the latest news and updates first