Sole proprietors and single-member LLCs file Schedule C. Keep your books here and every line is already totaled, gross receipts to net profit, with a suggested line for any category not mapped yet. You or your CPA file.
No card. Works with Claude, ChatGPT, Grok, Cursor, and any MCP client.
Coffee Company, June
Your AI can run all three.
01 Keep the books · bulk_categorize
Categorize as you go, or in one catch-up pass. Every expense already has a category, so the year is ready when tax season comes.
Business Checking, June
| Date | Merchant | Description | Category | Amount | Reviewed |
|---|---|---|---|---|---|
| 06/28 | Gusto payroll run | Payroll | −$6,797.00 | ||
| 06/19 | Meta and Yelp local ads | Advertising | −$446.00 | ||
| 06/18 | Pacific Cup Co needs review | −$2,984.00 |
81 categorized, 3 flagged for review
02 Run Schedule C · run_schedule_c
One request. Back comes gross receipts for line 1, a total for every expense line, and net profit for line 31. A category with no line yet gets a suggested one.
Run Schedule C for 2026.
Gross receipts $13,465.00. Net profit $2,034.00. Bank Fees, $1,204.00, has no line on the form. Suggested line 27a, Other expenses.
03 Confirm and export · update_account
Accept the suggestions that fit and adjust the ones that are a tax judgment call. Export to CSV for your CPA, or type it straight onto the form.
27a is right.
Saved on the category for next year.
Every line traces to its transactions.
The report totals them. The form treats them differently from the books.
LedgerMCP is a double-entry ledger, so line 31 and your profit and loss come from the same transactions. Nothing is estimated, and every figure can be checked.
Behind on a year? Hand your AI the statements and it categorizes the whole year first. The same books feed your 1099 report.
Financial reports →Coffee Company, June
FAQ
Yes. It takes your year of double-entry books and regroups the numbers onto the IRS Schedule C lines: gross receipts on line 1, and expenses onto lines 8 through 27a. You get per-line totals and net profit, ready to copy onto the form or hand to your accountant.
Each expense account carries a Schedule C line. For anything not yet mapped, LedgerMCP suggests a line based on the account name, and you confirm it. The mapping is a tax judgment, so the owner has the final say, and once set it carries forward year to year.
Yes. Schedule C is how sole proprietors and single-member LLCs report business income on their personal return. If that is you, this turns a year of bank activity into the exact lines the form asks for.
No. LedgerMCP prepares the numbers, it does not e-file. You or your CPA enter the figures on your return. The value is that the hard part, sorting a year of transactions into the right lines, is already done and traceable.
Yes. Your AI runs the Schedule C report, walks the unmapped categories with you, and applies the line mappings you approve. It can also catch up a whole year of uncategorized transactions first, so the report is complete.
Yes. The Schedule C report exports to CSV, and every line traces back to the underlying transactions. Your CPA gets clean, checkable numbers instead of a shoebox of receipts.
Import your statements, let your AI categorize, and run the report your CPA needs.
Nothing to install. Free to start.
Demo book: Coffee Company, June 2026, 84 transactions. A filed Schedule C covers a full tax year.