Build a profit and loss report from your bank statements
Behind on your bookkeeping? Turn a year of statements into a tax-ready report. Try one statement free.
Arkrel helps self-employed people in the US organize bank and credit card transactions, review merchants, and prepare a calendar-year report with profit and loss and Schedule C totals.
Free includes one statement from upload through merchant review and My year. No card needed.
Start with the calendar year
Choose the year you want to prepare and gather statements from the accounts you used for business.
Keep a collection checklist showing each account and the months you have. Add receipts and purchase notes that explain unfamiliar merchants or spending used for both work and home.
Understand the income and expenses
A profit and loss report brings together business income and expenses for a period. It helps you see how income compares with costs. IRS Publication 583.
For your Arkrel report, review the categories with your business activity in mind. Keep details about transfers, refunds, and credit card payments available as you work through the transactions.
For payments received through a marketplace or payment processor, keep the sales, fee, and refund records with your preparation materials.
Review merchants, then read the report
Use merchant review to organize the statement activity. Bring your knowledge of purchases and their business purpose to the categories.
With Catch-Up or Autopilot, you can review your tax-ready report, including P&L, Schedule C totals, and likely deductions to review. Download the report as a PDF or use the accountant CSV for transaction detail.
Choose the plan for your year
Catch-Up is $499 per tax year with a 30-day money-back guarantee.
Autopilot is $49/month with a 14-day free trial for an ongoing routine for the current year.
Start with one statement
Upload a bank or credit card statement, review its merchants, and see My year before choosing a paid plan.