Overview
The basic Profit & Loss report helps studios understand revenue and expenses tracked in DanceFlow.
It is intended as an operational report, not a replacement for professional accounting advice.
What the report can include
Depending on your setup, the report may include:
- Package revenue
- Lesson payments
- Event or ticket revenue
- Refunds
- Platform or payment-related fees
- Expenses entered in DanceFlow
- Floor fee expense line items
Floor fee handling
Floor fees should be handled carefully.
If you are an independent instructor paying another studio for floor space, that floor fee is an expense.
If your studio rents out floor space and collects a fee, that collected floor rental fee is revenue.
Why dates matter
Reports should use the actual sale, payment, or expense date when available.
This keeps the report closer to what really happened in that period.
Best practice
Use reports to spot trends and review business activity. For taxes, bookkeeping, and official financial statements, work with a qualified accountant or bookkeeper.