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Setting Up Actuals

"Actuals" in Monitr means your real financial data — the transactions from your accounting software, organised into reports. Before you can trust those reports, three things need to be in place:

  1. A reporting structure — the tree of reporting lines (P&L, Balance Sheet, Cash Flow) that defines how your financials are presented
  2. Account mappings — every GL account assigned to the right reporting line
  3. Clean data — validated with no critical errors

This section covers each of those steps in detail.

Why the reporting structure matters​

Unlike accounting software that generates fixed statutory reports, Monitr lets you define your own reporting structure. This means:

  • Your P&L can show the margins and subtotals that matter to your business
  • You can add or rename lines without touching your chart of accounts
  • Multiple teams can have different views (e.g. management vs. statutory)

Getting the reporting structure right is the single most impactful step in your Monitr setup.

tip

The first import runs automatically after you complete entity setup — you don't need to trigger it manually. If it takes longer than 15 minutes, contact Monitr support.