Money Pro Tax Reports — What's Available and How to Export

Tax Details Report

What it is: A multi-tab Excel spreadsheet with full transaction-level detail across income, expenses, mileage, assets, liabilities, and equity — everything your accountant or tax software needs.

Tabs included: Summary, Business Income List, Other Income List, Liabilities List, Business Expense List, Other Expense List, Assets List, Equity List, Business Mileage List.

Format: XLS only (Excel/Google Sheets). Set your date range and click Download.

Who needs it: Most CPAs request this alongside the Schedule C — it shows the full pre-adjustment amounts before IRS limitations are applied.

Form 1040 Schedule C (Draft)

What it is: Your business expenses organized by IRS Schedule C line — Advertising, Business Meals, Office Expenses, Travel, etc. — pre-filled from your Money Pro data. Marked Draft.

Who needs it: Sole proprietors and single-member LLCs filing a personal return. Your accountant uses this to prepare the actual Schedule C.

Note: Business meals appear at 50% of what you spent (IRS limitation applied). The Tax Details Report shows the full pre-limitation amount.

Form 1065 (Draft)

What it is: Partnership return pre-filled with your Money Pro income and expense data. Marked Draft — requires additional information from your accountant to finalize.

Who needs it: Multi-member LLCs and LLPs taxed as partnerships.

Form 1120-S (Draft)

What it is: S Corporation return pre-filled from Money Pro data. Marked Draft.

Who needs it: S Corporations (LLCs or corporations that have elected S corp status with the IRS).

Form 1120 (Draft)

What it is: C Corporation return pre-filled from Money Pro data. Marked Draft.

Who needs it: C Corporations.

IRS timing note: The IRS typically releases updated form layouts in the second half of each tax year. Until the update is available, Money Pro uses the prior year's form with a Draft watermark. The numbers are current; only the layout may reflect the prior year.

Profit & Loss Statement (P&L)

What it is: Total income, total expenses, and net profit for any date range.

Who needs it: Lenders, investors, business partners, and accountants all recognize the P&L as a standard financial statement.

Mileage Detail List

What it is: Every logged business trip — date, start/end location, miles, business purpose, and deduction at the IRS standard rate.

Who needs it: Required to substantiate your business mileage deduction. The IRS may ask for this during an audit.

Access from: Mileage tab → gear icon → Reports → Mileage Detail List

Expense-Specific Reports

Additional expense reports are available from Expenses → gear icon → View Reports:

• Business Expenses by Business
• Business Expenses by Category
• Business Expenses by Vendor
• Business Expenses by Client
• Expense Details List with Receipts (includes receipt links)

Why do my Schedule C and Tax Details reports show different expense totals?

Two reasons: (1) Business meals — Schedule C shows 50% (the IRS-allowed deduction); Tax Details shows 100% of what you spent. (2) COGS — Schedule C separates Cost of Goods Sold in Part I; Tax Details groups it with operating expenses.

Can I run a report for a partial year?

Yes — set any custom date range when generating a report. Useful for mid-year reviews, comparing quarters, or preparing for a tax estimate.

My P&L doesn't match what I thought I made. Why?

Check that: (1) all paid invoices have payments recorded, (2) no personal income sources (transfers in, etc.) are tagged as business income, (3) the date range is set correctly to January 1 – December 31. If something still doesn't add up, export the Expense Details List and compare it transaction by transaction.