A free resource from AdvisorOne

https://www.loom.com/share/e7082220850e494f896dc79274b834de

What This Does

You upload a bank statement (Excel or CSV export from your bank). The AI reads every transaction, categorizes it, and gives you back a clean Profit & Loss statement ready for your Schedule C.

Here's what you get:

• Full P&L organized by month and by category
• Revenue categorized by customer
• Expenses mapped to Schedule C categories
• Personal expenses automatically excluded
• Owner draws separated out
• Loan payments split into deductible interest vs. non-deductible principal
• Flagged items for your review with notes
• A summary of all excluded transactions so nothing falls through the cracks

We tested this with 228 transactions including some intentional curveballs (personal Nordstrom purchases mixed in, owner draws, loan payments) and it handled all of them correctly.

Who This Is For