The Universal Credit Monthly Statement provides a clear summary of your business income and expenses for any given month. It’s designed specifically for consultants who need to report their self-employment earnings to Universal Credit.
What This Report Shows
The statement displays your financial activity split into two sections side by side:
Income – All money coming into your business including membership income, stock commission, shop sales, gift voucher sales, and any payments from Slimming World.
Expenses – All business costs including rent, fees, general expenses, gift voucher purchases, mileage, and working from home allowance.
At the bottom, you’ll see your Net Profit or Loss for the month – this is the figure Universal Credit typically need to know.
Selecting a Month
Use the dropdown menus at the top of the page to choose:
- Year – Select the calendar year
- Month – Select the month you need to report on
Click View Statement to update the display. The report defaults to the current month.
Understanding the Figures
The statement pulls data automatically from your Pulse records:
- Membership Income – Combines your rent, fees, and retained earnings from your Plan for Success (PFS) data
- Mileage – Calculated at the HMRC approved rate of 45p per mile
- WFH Allowance – Your working from home claim based on hours entered
If you have Team Developer or Relief Group activity, these will appear as separate lines when relevant.
Exporting to PDF
Click the green Export to PDF button to download a professional statement you can provide to Universal Credit or keep for your records.
The PDF includes:
- Your name and the reporting period
- Full breakdown of income and expenses
- Net profit or loss clearly displayed
- Date and time the report was generated
- A disclaimer confirming the data source
The filename automatically includes the year, month, and your name for easy filing – for example: 2025_May_UC_Statement_Jane_Smith.pdf
Important Information
The disclaimer on each statement confirms:
- The report is generated from data you have entered into Pulse
- The information is correct at the time of creation
- MalgraBooks has not verified the accuracy of the data entered
This means it’s important to ensure your records in Pulse are up to date and accurate before generating your statement.
Tips for Universal Credit Reporting
- Generate at month end – Wait until you’ve entered all your transactions for the month before creating your statement.
- Check your figures – Review the on-screen version before exporting to PDF.
- Keep copies – Download and save your PDF statements each month for your records.
- Report promptly – Universal Credit typically require monthly earnings to be reported within a set timeframe.