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Financial Summary

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: 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: 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

This section makes it easier to reconcile your Loopit invoice each month by showing how usage contributes to your total charges.

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.

Note that the report’s time zone reflects your workspace settings — if Stripe uses a different time zone, minor variations may occur.

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.

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