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With the launch of our new Accounting Dashboard improvements we added a new Completed/Sold Table view which showcases all of your final profit information from all your completed flips!
The Completed/Sold Table view provides an overview of all of the high level financials for your completed projects for tax season:
A breakdown of final project expenses, including:
Understanding when you recognize profit is crucial for house flip accounting. The Global Profit and Loss Report allows you to filter data by the year the property was Sold. This way, you can easily calculate your total annual Profit from all your flips – a lifesaver come tax season!
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