Read your profit & loss

Your Profit & Loss report brings your business income and expenses together so you can see what your notary business actually earned — not just how much money came in.

Open **Reports & Taxes** to review your financial activity for the selected reporting period.

### Income

Income reflects the business revenue recorded in The NEST.

Keeping order payments accurate is important because your reports can only be as accurate as the information behind them.

If an order is partially paid, unpaid, cancelled, or otherwise different from the original fee, make sure the order and payment records reflect what actually happened.

### Expenses

Business expenses reduce gross income to show a more meaningful picture of business performance.

Record expenses consistently and categorize them appropriately so your reports remain useful throughout the year.

### Mileage

Business mileage recorded in The NEST also contributes to your financial and tax records.

That includes mileage connected to signing orders as well as standalone business mileage you record separately.

### Profit is different from revenue

A high-fee month isn't necessarily a highly profitable month.

Your Profit & Loss helps you look beyond gross signing fees by accounting for the costs involved in operating the business.

That gives you a better way to evaluate whether your business is actually becoming more profitable over time.

### Schedule C organization

The NEST organizes applicable business activity with tax reporting in mind, including Schedule C categorization where available.

This can make tax preparation easier because your business records have been organized throughout the year instead of reconstructed after the fact.

### Review your reports throughout the year

Your Profit & Loss isn't only for tax season.

Use it throughout the year to understand revenue, expenses, and profitability while you still have time to make business decisions based on what the numbers are telling you.

The NEST organizes your records and calculations, but it does not replace professional tax advice. When tax treatment depends on your individual circumstances, confirm it with a qualified tax professional.