There needs to be a way to print a M by M p&l so the you can do financial planning in May before year end.
Beyond this businesses are not linear for the year and you need to be able to compare to budget on a progressive monthly basis.
It needs to be able to be dumped to excel and then compared to last years Monthly p&l as well
MYOB and others have been doing this for 20+ years
Also when you do your yearly P&L's compare to last year, the column heading don't say which financial year i.e. FY2020