> For the complete documentation index, see [llms.txt](https://docs.kick.co/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.kick.co/best-practice-guides/monthly-review-guide.md). # Monthly Review Guide Kick runs in the background automatically - but a quick monthly check-in keeps everything accurate, prevents small issues from compounding, and means there are no surprises at tax time. Done consistently, this takes about 15 minutes. The goal isn't to do your accountant's job. It's to stay informed about your own business and make sure Kick has everything it needs to keep your books clean. *** ## Build the habit: do this once a month ### 1. Clear uncategorized transactions Kick [categorizes](/common-workflows/categorization.md) \~97% of transactions automatically. The ones it leaves uncategorized are where your attention is needed most. 1. Go to **Transactions** → **Add filter** → **Status: Uncategorized** 2. Work through the list - assign a category to each one 3. When Kick prompts you to apply the same change to similar transactions, say yes - this trains Kick and prevents the same transaction from coming back uncategorized next month **Speed tip:** If you see the same merchant appearing uncategorized repeatedly, create a [Rule](/common-workflows/rules.md). You'll never have to categorize it manually again. → [Rules](/common-workflows/rules.md) *** ### 2. Check for unmatched transfers Unmatched [transfers](/common-workflows/transfers.md) are one of the most common sources of inflated income or phantom expenses. A Stripe payout that isn't matched to the bank deposit looks like double revenue. A credit card payment that isn't matched looks like two expenses. 1. Go to **Transactions** → filter by **Category: Transfer** 2. Look for any transactions without a matched counterpart (the Match column will be empty) 3. Match them manually, or create a Transfer Rule so it happens automatically going forward → [Transfers](/common-workflows/transfers.md) *** ### 3. Move personal business expenses across If you connected personal accounts, this is the moment to review them. 1. Go to **Transactions** → filter by **Entity: Personal** 2. Move any business expenses to the right entity and assign the correct category Don't leave this until the end of the year - catching expenses monthly means nothing gets missed, and your P\&L reflects reality in real time. → [Personal to Business](/common-workflows/personal-to-business.md) *** ### 4. Check your Profit & Loss Open the [P\&L](/reports/profit-and-loss.md) for the month and do a quick sanity check: * Does income look right for what you billed or sold this month? * Are there any expense categories running higher than expected? * Are there any line items you don't recognize? You don't need to analyze everything - just look for anything that seems off and dig into it. Click any line to see the individual transactions behind the number. → [Profit & Loss](/reports/profit-and-loss.md) *** ### 5. Respond to open tasks Check [Tasks](/working-with-your-team/tasks.md) for anything your accountant has sent you. Unanswered questions slow down their close process - a quick response now saves back-and-forth later. → [Tasks](/working-with-your-team/tasks.md) *** ### 6. Ask what the numbers mean Once your books are clean, step back from the checklist. This is where the monthly review pays off - not just accurate books, but a clearer picture of how your business is actually doing. **Are you profitable this month?**\ Check net income on the P\&L. If it's lower than expected, expand the expense categories to find what's running high. **Where is your cash actually going?**\ Open [Insights](/reports/insights.md) and look at Cash Out by category. [Expenses by Vendor](/reports/expenses-by-vendor.md) shows which vendors you're paying the most - useful for spotting subscriptions or recurring costs worth renegotiating. **Is cash in the bank tracking with your P\&L?**\ A healthy P\&L with a shrinking bank balance usually means money is tied up in receivables, loan payments, or owner distributions. The [Balance Sheet](/reports/balance-sheet.md) and Insights help explain the gap. **Are you growing compared to last month?**\ On the P\&L, use the Compare dropdown to add a previous period column - a quick side-by-side shows whether income is up and whether expenses grew proportionally. → [Insights](/reports/insights.md)\ → [Profit & Loss](/reports/profit-and-loss.md)\ → [Expenses by Vendor](/reports/expenses-by-vendor.md) *** ## Make it faster over time The first month takes the longest. As you build [Rules](/common-workflows/rules.md) for recurring transactions and Kick learns your patterns, uncategorized transactions drop. Most business owners find the monthly review gets meaningfully shorter after the first 2-3 months. **The fastest path to a 15-minute review:** * Create Rules for every recurring vendor that keeps coming up uncategorized * Set up a Transfer Rule for any payment processor payout that repeats on a schedule * Connect [personal accounts](/common-workflows/personal-to-business.md) and review them weekly rather than letting them pile up *** ## Monthly review checklist * [ ] Clear all uncategorized transactions * [ ] Confirm transfers are matched * [ ] Review personal transactions and move business expenses * [ ] Review Profit & Loss for the month * [ ] Respond to open tasks from your accountant * [ ] Review key numbers - profitability, cash position, month-over-month growth --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. 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