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Why would you all remove the profit and loss tool?!!!!

  • January 14, 2025
  • 9 replies
  • 52 views

Elena Ventimiglia

I feel like this is highly helpful for many people for multiple reasons. In the post about “sunsetting” the tool it also says it will be around until May, however it is January 14th and the tool is already gone! This is really frustrating especially since its TAX SEASON!!! 

This tool was an amazing feature that helped with not only my taxes but was also needing it in going through a home construction loan process…. now I am going to have to double the work and re enter in all the information that is already in Honeybook into another system or spreadsheet to give my lenders the Profit and Loss statement they need. 

 

VERY FRUSTRATED CUSTOMER!! 

September 25, 2025

Hey ​@rodneypyoung & ​@Lisa Markovich!

 

HoneyBook recently released a tool called Cashflow which will basically replace the Profit & Loss tool. You can see a new graph on the Overview page (Finance) that gives an indication of your cashflow over a selected period of time, based on the expenses documented and your payments. This tool will be much more accurate than the Profit & Loss one!

 

Do you see this in your account? (in the Overview page under Finance)

9 replies

Lisa Markovich

I agree, so please keep the Profit & Loss tool as it is essential to how I run my business and this tool is invaluable during tax season.  Why is it this tool going away in May?  Why would we want to add another checking account?  If I were to open a new checking account with HB would all the fees you charge for transactions dissolve?


Amanda Florio

I agree! How can we all get this from going away! :( 

I am a wedding photographer and I do not want to lose this feature!!! This is helping me see if I can actually go full time and pay myself. I do not want to have to find somewhere else to figure this out for me and I do not want to do this manually 


Lisa Markovich

I wish I knew Amanda.  No one has answered our messages either.


Alicia Bauer
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@Elena Ventimiglia , ​@Amanda Florio , ​@Lisa Markovich -

I know it can be frustrating when changes catch us off guard, especially during busy seasons like tax time—but I also want to share that HoneyBook is actively working on new tools to better support small business owners and service-based pros.

One example is their recently launched HoneyBook Balance—a business checking account built right into the platform. It’s designed to simplify managing funds, offer faster access to payments, and help keep your finances organized all in one place. You can read more about it here:
👉 Apply for a HoneyBook Balance Checking Account

HoneyBook is truly dedicated to building the best possible product for its users, and your feedback plays a big part in how the platform continues to evolve. 💛 Thanks for sharing your experience—it really does help shape what comes next!


Lisa Markovich

Hi Alicia;

 

I appreciate how HB is trying to assist with the removal of Profit & Loss.  While a business checking account with HB may work well for those who do not currently have a business checking account, it doesn’t help me at all, as I already have a business checking account with a bank.

No matter what, if you have a business checking account with HB, your customers will still have to sift through all business checking account transactions to figure out profit and then go through all expenses to figure out loss.  It’s triple the work when the profit & loss feature is so easy.

It is what it is.  This is a very frustrating situation and I’m not a happy customer without this feature that truly helps my business. AND HB pricing has increased and I don’t have all the features I need and was attracted to when making my decision to switch from QB and pay for one platform that provided it all.

 


rodneypyoung

I agree with everyone - this is a horrible idea to remove the p & l link.  It was such an easy way to get a high level view of our finances.  Now, it takes so long to get those number,  Bad move, Honeybook,


Kaitlyn Blair
Explorer
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  • Explorer
  • September 25, 2025

Hey ​@rodneypyoung & ​@Lisa Markovich!

 

HoneyBook recently released a tool called Cashflow which will basically replace the Profit & Loss tool. You can see a new graph on the Overview page (Finance) that gives an indication of your cashflow over a selected period of time, based on the expenses documented and your payments. This tool will be much more accurate than the Profit & Loss one!

 

Do you see this in your account? (in the Overview page under Finance)


rodneypyoung

@Kaitlyn Blair thanks for the reply - initially, I couldn’t find it and the chat support couldn’t help me, but I stumbled around and found it.  Decent tool, but still too many clicks and scrolls to get to it.  I love how with one click I got that info from the P&L link.  Consider positioning this new tool in a similar manner, with one click in a menu, and it might be as valuable.


Kaitlyn Blair
Explorer
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  • Explorer
  • September 25, 2025

@rodneypyoung Thank you so much for the feedback! HoneyBook uses the Feedback Opportunities page when making new updates, so they update what us users want. I’d recommend leaving the feedback here.