A trading journal tells you how you traded. Propel Audit follows the money the rest of the way: through the firm's rules, the payout, the fees it took to get funded and the tax you will owe, to the number that is actually yours.
The path from a fill to money you can spend: the trade, the account's rules, the payout, the costs of getting funded, the tax, and what you keep. A trading journal covers the first step. A spreadsheet can cover more, as long as someone keeps it by hand. Propel covers all six from one CSV.
| The job | A trading journal | A spreadsheet | Propel Audit |
|---|---|---|---|
| Trade analytics, equity curve, P&L calendar | Yes | By hand | Yes |
| Drawdown and payout rules per prop account | No | By hand | Yes |
| Every evaluation and reset against every payout | No | By hand | Yes |
| A split for each payout the day it lands | No | By hand | Yes |
| A tax set-aside at your own rates | No | By hand | Yes |
| Prop payouts and live brokerage money kept apart | No | By hand | Yes |
Generalised: individual journals differ. For named products, see Propel vs. alternatives.