Manage your trading business finances with comprehensive income and expense tracking. Track prop firm payouts, deductible expenses, and maintain organized records for tax reporting and business analysis.

Income Tracking

Track all trading-related income with detailed categorization for accurate tax reporting and business analysis. Perfect for prop firm traders and funded account managers.

Income Types:

• Prop Firm Payouts - Track profit splits from funded accounts
• Cash Account Withdrawals - Personal trading account withdrawals
• Other Trading Income - Consulting, coaching, or other trading-related revenue

Prop Firm Payout Features:

• Split Tracking - Record trader share vs prop firm share
• Profit Split % - Track your profit split percentage (e.g., 80/20, 90/10)
• Account Linking - Connect payouts to specific trading accounts
• Validation - Automatic validation that splits add up correctly
• Phase Verification - Ensures profit split matches account phase rules

Income Details:

• Date received for accurate period tracking
• Gross and net amount tracking
• Tax category assignment (Business Income, Capital Gains, etc.)
• Reference numbers and external URLs for documentation
• Notes field for additional context

Expense Tracking

Document all trading business expenses with proper categorization for tax deductions and business P&L analysis. Track one-time and recurring expenses with automated reminders.

Expense Categories:

• Market Data - Real-time data subscriptions
• Platform Fees - Trading platform monthly fees
• Prop Firm Fees - Evaluation fees, account fees, resets
• Early Withdrawal Fees - Prop firm early withdrawal penalties
• Education - Courses, mentorship, training programs
• Software/Tools - Charting software, analytics tools
• Hardware - Computers, monitors, trading equipment
• Professional Services - CPA, legal, consulting
• Office/Workspace - Home office or coworking space
• Internet/Communications - Internet, phone for trading
• Research - Market research subscriptions
• Commissions & Fees - Trading commissions, exchange fees
• Other - Other business expenses

Tax Deduction Features:

• Tax Deductible Flag - Mark expenses as tax deductible
• Tax Categories - Proper categorization for tax reporting
• Deductible Amount - Track partial deductions when applicable
• Tax Savings Estimate - Calculate estimated tax savings (assumes 25% rate)

Recurring Expense Management:

• Recurring Flag - Mark monthly, quarterly, or annual expenses
• Next Due Date - Automatic calculation of next payment
• Annual Cost Estimate - Calculate annual burden of recurring expenses
• Upcoming Reminders - See expenses due in the next 30 days

Documentation:

• Receipt URL storage for cloud-hosted receipts
• Vendor tracking for organized record-keeping
• Reference numbers for invoice matching
• Account-specific expense allocation

Tax Reporting

Generate comprehensive tax reports with properly categorized income and expenses. Designed for futures traders and prop firm traders to simplify tax preparation.

Tax Features:

• Income Categories - Business Income, Capital Gains, Misc Income, Tax-Free
• Expense Categories - Business Expense, Office Supplies, Professional Services, Technology, Education, Travel
• Period Summaries - Generate quarterly or annual reports
• Deduction Tracking - Total deductible expenses for tax filing
• Tax Savings Estimates - Calculate estimated tax benefit from deductions

Reports Available:

• Income summary by category and period
• Expense summary by category and period
• Deductible vs non-deductible expense breakdown
• Net business income (P&L) calculation
• Prop firm payout history with split details

Best Practices:

• Record transactions promptly for accuracy
• Save receipt URLs and documentation
• Categorize expenses correctly for tax purposes
• Review quarterly summaries before tax season
• Consult with a tax professional for complex situations

Business Analysis

Analyze your trading business performance with income and expense trends. Understand your cost structure and optimize for profitability.

Analysis Features:

• Period Comparisons - Compare income/expenses across months or quarters
• Expense Trends - Identify rising costs or optimization opportunities
• Income Trends - Track payout frequency and amounts over time
• Net P&L - Calculate business profitability after expenses
• Recurring Cost Analysis - Understand fixed monthly obligations

Key Metrics:

• Total income by period
• Total expenses by period
• Net business profit/loss
• Expense ratio (expenses as % of income)
• Average payout amount and frequency
• Top expense categories
• Recurring vs one-time expense breakdown

Optimization Tips:

• Review recurring expenses quarterly - cancel unused subscriptions
• Track expense ratio to maintain profitability (aim for <30%)
• Compare prop firm fees across different firms
• Document all expenses for maximum tax deductions
• Set budget targets for major expense categories