Manual Profit and Loss

What the profit and loss upload does

Upload a monthly profit and loss statement as an Excel or CSV file, and Founderpath reads your revenue, cost of sales, gross profit, operating expenses and net income month by month for underwriting. It is the way to share financial statements when your books are not in an accounting system Founderpath connects to, such as QuickBooks Online or Xero.

What the spreadsheet needs

Download the template from the upload screen in your Founderpath account, or export a monthly report from your accounting system:

• At least 12 months of history. 24 is better, and a month with no numbers does not count.
• One column per month, not a quarterly or annual summary.
• Income, cost of sales and expenses with their line items, not just totals.

A shortened layout example, with most line items left out:

What happens after you upload

1. Founderpath reads the sheet and checks that it has the months and sections above. Most files are read in about 3 minutes.
2. Each line is mapped to revenue, cost of sales, operating expenses or other income and expenses, and monthly totals are calculated, including gross profit and net income.
3. Those figures join the rest of your data for underwriting. Founderpath aims to make a funding offer within 24-48 hours of your data being connected.

An upload is a snapshot. Upload a new file when your books change. A connected accounting system refreshes on its own.

Pair it with a balance sheet

A profit and loss statement shows earnings, not cash or obligations. Upload a balance sheet for the same months, and add bank data so cash can be checked against the books.