An AI profit and loss generator is software that builds a profit and loss statement from your bank transactions instead of numbers you enter by hand. It reads statements or a live bank feed, categorizes each transaction as income or an expense, and totals them into a P&L for the period you choose.

Yes. In Tabby you upload bank or credit card statements as PDF, CSV or Excel files. The AI reads the transactions, assigns each one to a category and builds the P&L. Anything it isn’t confident about goes to a Review list with a suggested category, so the final numbers are still yours to approve.

The profit and loss report is included on every plan, including Free, with no credit card required. PDF statement uploads are included on every plan up to a limit and are unlimited on Growth. Exporting the report to PDF or Excel starts on the Standard plan at $30 a month.

PDF, CSV, XLS and XLSX. You can add up to 12 files at a time, 10 MB each, with one file per statement period. PDF uploads work on every plan, and CSV and Excel uploads start on Standard. A password-protected PDF needs to be unlocked first.

Tabby categorizes transactions with 99% accuracy, and it improves each time you correct it. When it isn’t sure, it doesn’t guess quietly. The transaction goes to Review with a suggested category and the reason for it, and your P&L flags any uncategorized transactions that could affect your profit.

Yes. Profit and loss statement, P&L, income statement and statement of operations all describe the same report: income minus expenses over a period of time. A balance sheet is different. It shows what you own and owe on a single date.

A P&L is a report of your own books, so what matters to a lender is that it’s accurate, covers the right dates and agrees with your bank statements. Tabby’s report shows your business name, the period and the basis, and every number traces back to transactions. Some lenders want the P&L signed by you or prepared by a CPA, so ask your loan officer what they need.

Most freelancers and small businesses use cash basis, which counts income when it’s received and expenses when they’re paid. Accrual counts them when they’re earned or owed, which gives a truer picture if you invoice on terms or carry inventory. Tabby shows both, so you can match what your tax return and your lender use.

As far back as you have statements. A bank connection usually brings in the last 60 to 90 days of transactions. For anything older, such as last year’s books, upload the statement PDFs for those months.

ChatGPT can total figures you paste in and lay them out as a P&L. It struggles with months of raw bank statements, won’t remember your categories next time and can make arithmetic mistakes you’d have to catch. Bookkeeping software keeps the categories, the history and the math consistent from month to month.

No. Tabby is built for people who aren’t accountants. Categories have plain-English names, the review step is a short list of suggestions to accept or change, and the report labels every section. If you can read a bank statement, you can use it.

Tabby connects to banks through Plaid with read-only access, so it can see transactions but can never move money. Your data is encrypted in transit and at rest with AES-256.