Net Profit and Monthly Income for the Self-Employed

Net profit is income minus expenses. For platform income that means gross earnings less platform fees, payment processing, currency conversion and every other business cost. A bank deposit is none of these: it arrives after the platform has taken its fee but before any other expense, so it is neither gross income nor net profit. PlatformTaxHub works the figure out from tracked income and expenses across every platform and currency.

As a monthly equivalent: net profit for the period divided by the months it covers. Net profit of $12,600 over three months gives a monthly equivalent of $4,200, even if the months themselves were $800, $4,200 and $7,600. The uneven months become one fixed monthly figure. It needs at least three months of records; with less, only the actual figures are shown.

The monthly equivalent taken to a quarter (x3) and to a year (x12). With twelve months of records the annual figure is the full year; with fewer it is extrapolated from the months there are, and the page says how many months it rests on.

A profit and loss statement for a set period: gross income, expenses and net profit, with the monthly, quarterly and annual equivalents, a month-by-month table, and every income and expense transaction behind the totals. It downloads as a PDF from the Net Profit tab.

Not from an employer, and a pay stub generator does not replace one: it fills a payslip template with whatever figures are typed into it, with nothing behind them. A Statement of Earnings does the same job from the other direction. It is drawn from tracked payouts and expenses, lists the transactions behind every total, and shows one fixed monthly figure the way a payslip does.

It can be given to anyone who asks for income figures: a lender, mortgage broker, landlord, financial adviser or accountant. Each finalised statement is audit logged and matched, and carries a reference. Whoever receives it can check that reference on platformtaxhub.com, under Have a code?

The Profit by Income Category chart answers that. Income is grouped by category, costs incurred for a particular kind of income attach to it directly, and overheads can be spread across the categories by revenue share. Platform fees are only ever charged against income that actually came through a platform, so invoiced work is never made to look worse than it is. A stream can cover its own direct costs and still lose money once overheads are against it, which a single total never shows.

Yes. A business invoicing clients and also taking card, app or platform payments has two halves that do not add up the same way, and this is where they meet. Both sides go into one set of records, the fee is recorded against the income it came off, and the category view shows each part of the business against its own costs. There is a free calculator that does a simplified version of the same split if you want to try it first.

Yes. Income and expenses in 50+ currencies are converted into one reporting currency, using the exchange rate saved with each entry rather than one rate applied at the end, so net profit and the monthly equivalent are in a single currency.