Reports Overview

The Reports page lets you generate tax-ready financial reports for your trading business. These reports summarize your income, expenses, and net profit/loss in formats suitable for record-keeping and tax preparation.

What Reports Are Available

The platform provides three main reports:

1. Annual Tax Summary

A comprehensive yearly overview showing:

  • Total funded account payouts

  • Challenge refunds received

  • Total challenge costs

  • Business expenses by category

  • Net profit/loss calculation

Best for: Year-end tax preparation, annual business review

2. Income Report

A detailed list of all income transactions:

  • Payouts from funded accounts

  • Refunds received

  • Other income

Best for: Documenting revenue sources, income verification

3. Expense Report

A complete list of all business expenses:

  • Challenge costs

  • Software and tools

  • Education and coaching

  • Other business expenses

Best for: Documenting deductions, expense tracking

Cash-Basis Reporting

All reports use cash-basis accounting. This means:

  • Income is reported when received, not when earned or invoiced

  • Expenses are reported when paid, not when billed

Only transactions marked as "Paid" appear in reports. Unpaid/pending items are excluded.

This aligns with how most individual traders report income for taxes.

Currency Handling

Important: Reports are grouped by native currency with no FX conversion.

If you have activity in multiple currencies:

  • USD transactions appear in a USD section

  • EUR transactions appear in a EUR section

  • They are not combined or converted

This approach ensures accuracy—exchange rates fluctuate, and converting would introduce inconsistencies. Your tax professional can advise on how to handle multiple currencies for your situation.

Accessing Reports

  1. Navigate to Reports in the sidebar (or find it in Settings)

  2. You'll see the three report cards

  3. Select your date range or fiscal year

  4. Click to export as PDF or CSV

Export Formats

PDF

  • Formatted, printable document

  • Good for filing, sharing with accountants

  • Includes headers, totals, and formatting

CSV

  • Raw data in spreadsheet format

  • Good for further analysis

  • Import into Excel or Google Sheets

  • Manipulate data as needed

Both formats contain the same data—just presented differently.

What Reports Include

Reports pull data from across the platform:

Report

Data Sources

Annual Tax Summary

Payouts, Refunds, Challenge Costs, Expenses

Income Report

Payouts (Funded Accounts), Refunds, General Income (Transactions)

Expense Report

Challenge Costs (Challenges), Expenses (Transactions)

All sources are combined into cohesive reports.

Report Timing

For Tax Preparation

Generate reports after the fiscal year ends and all transactions are recorded. Make sure all Paid statuses are current before exporting.

For Ongoing Review

Generate reports anytime to see where you stand. Quarterly reports help track progress.

For Accountants

Export PDFs to share with tax professionals. The format is designed to be clear and comprehensive.

Important Disclaimer

The Reports page includes a tax disclaimer:

These reports are provided for informational and record-keeping purposes only. They do not constitute tax advice. Consult a qualified tax professional for guidance specific to your situation.

The platform helps you organize data—it doesn't provide tax advice. Work with a professional for actual tax filing.

Next: Annual Tax Summary Report →