Tax Filing Preparation

The Tax Filing Preparation report gathers the year-end information you need to prepare for filing taxes.

Who this is for

This report is for teachers and organization admins who want a year-end tax prep summary for their business records.

What data it generates

The report includes:

• recorded payment income
• paid event income
• non-mileage expenses
• mileage totals
• gross receipts
• total expenses
• net profit
• revenue grouped by account for 1099-NEC-style review
• revenue grouped by third-party payer or billing entity
• expense totals by category
• an estimated mileage deduction snapshot

How to use it

Open Tax Filing Preparation from the Business Reports area and choose the year you want to review.

You can:

• view the full year
• open the PDF in a new tab
• download the PDF
• download the CSV

What the report means

This report is designed for year-end tax prep.

It uses recorded income and recorded expenses to give you a clear summary of your business activity for the selected year.

It also separates revenue by account and by billing entity so you can review income sources before you prepare forms or hand the data to a tax professional.

What you will see in the report

The report shows:

• gross receipts
• total expenses
• net profit
• total mileage driven
• a revenue summary by account
• a revenue summary by billing entity
• a category breakdown of expenses
• a top-deductions snapshot
• a mileage deduction estimate

Best practice

Use this report when you are getting ready to file taxes and want the cleanest possible year-end summary from Cadence Calendar. It is a review and planning report, not a tax filing form.

Related reports

• Tax Summary
• Estimated Quarterly Tax Report
• Revenue Summary
• Expense Summary
• Mileage Tracking