# Financial Summary {% embed url="" %} The **Financial Summary Report** provides a clear overview of all financial activity within your Loopit account — including invoices, payments, refunds, platform usage, and revenue breakdowns. It’s designed to help you reconcile revenue earned against payments received and understand how Loopit usage contributes to your billing. You can access this report under **Reports → Finances → Financial Summary**. *** #### Overview The Financial Summary Report shows all money flowing **in and out of your business** within Loopit for a selected period. By default, the report displays the last 30 days, but you can adjust this to show other time ranges (such as last month, last week, or a custom range). You can also filter results by **location**, and export the full dataset as a **CSV** file for offline analysis or accounting reconciliation. *** #### 1. Invoices and Adjustments This section displays your **total invoiced revenue** — that is, the total amount you have billed to customers, excluding deposits. * **Invoices issues** refers to revenue, not the amount actually received in your bank account. * Deposits are considered **liabilities** and are excluded from revenue. * **Credit note adjustments** reduce the total value of an invoice. **Formula:**\ \&#xNAN;*Invoices issued (excluding deposits) – Credit note adjustments = Total revenue* *** #### 2. Payments and Refunds This section shows **actual cash movement** — the funds received into (and out of) your account. Payments include: * **Electronic payments** (via Stripe) * **Manual/off-platform payments** * **Deposits** (recorded as temporary liabilities) Refunds include: * **Credit note refunds** (money returned to a customer) Surcharges are also factored in, covering fees such as: * Stripe processing fees * Loopit platform surcharges on payment allocation **Formula:**\ \&#xNAN;*Successful payments – Refunds – Surcharges = Net payout* This figure should closely align with the actual amount deposited into your bank account for the reporting period. *** #### 3. Platform Usage The **Platform Usage** section helps you understand the usage-based components of your Loopit billing. This includes charges associated with your monthly Loopit subscription based on how your business uses the platform. Common usage metrics include: * **Fleet usage:** The maximum number of active vehicles during the reporting period. * **TruePass usage:** The number of fraud and identity verification tools used, including: * Biometric Identity Verification * Credit Assessment * Digital Identity Verification {% hint style="info" %} This section makes it easier to reconcile your Loopit invoice each month by showing how usage contributes to your total charges. {% endhint %} *** #### 4. Revenue Breakdown At the bottom of the report, the **Revenue Breakdown** section itemises your revenue by **line item** and **package**. For each item type (such as Base Fee, Insurance Fee, or Mileage), you’ll see: * The **number of items invoiced** * The **average value per item** * The **total invoiced amount** You can toggle specific items on or off to isolate certain revenue streams, or switch the view to **“By Package”** to compare revenue across different offerings (e.g., Subscription vs. Rental, or different package tiers). *** #### 5. Filters and Export Options To ensure accurate reconciliation: * Adjust the **date range** to match your accounting or Stripe reports. * Filter results **by location** to see separate financial summaries for different branches. * Export the report as a **CSV file** for further analysis or record-keeping. {% hint style="info" %} Note that the report’s time zone reflects your **workspace settings** — if Stripe uses a different time zone, minor variations may occur. {% endhint %} *** #### Summary The Financial Summary Report provides a consolidated, transparent view of your business performance within Loopit — from revenue earned to payments received and platform usage. It’s a valuable tool for finance and accounting teams to manage reconciliation, assess revenue trends, and better understand the financial health of your mobility operations. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.loopit.co/reports/finances/financial-summary.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.