Financial reports
The financial reports come straight from the posted journal: the statements your accountant and auditor need, per branch or for the whole company.
Open Reports›Financial.
| Report | What it shows |
|---|---|
| Profit and Loss | Income, cost of goods sold, expenses and net profit, with gross and operating profit. Compare it with an earlier period. |
| Balance Sheet | Assets, liabilities and equity on a date, including retained and current-year earnings. |
| Cash Flow Statement | Where cash came from and went: operating, investing and financing activities (indirect method). |
| Trial Balance | The opening, period and closing debit and credit of every account. Filter by project too. |
| General Ledger | The opening balance, debits, credits and closing balance of each account. |
| Account Transactions | Every journal line, or one account's lines with a running balance. |
| Journal Report | All journal entries in the period, grouped by document, with debits and credits. |
| Account Type Summary | Debits, credits and net movement for each account type. |
Month-end checklist
- All sales, purchases, expenses and payments for the month are entered.
- Reconcile every bank account.
- Run Running depreciation, and post accruals with Journal entries.
- Check that Goods Received Not Invoiced and Undeposited Funds only hold what they should.
- Run the Trial Balance, Profit and Loss and Balance Sheet.
- After the VAT return, close the books.
To look up one account quickly, the Ledger Center is often faster than a report (see The Ledger Center).
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