7.0 Financial Reports

7.0 Financial Reports

Trial Balance

A trial balance is a bookkeeping worksheet in which the closing balances of all accounts in the general ledger are compiled into debit and credit account column totals that are equal. A company prepares a trial balance periodically, usually at the end of every reporting period.



Alert
STEPS:
  1. Click on REPORT > FINANCIAL > TRIAL BALANCE
  2. Select AS AT or PERIOD
  3. DATE - Enter a date or date range
  4. Click REFRESH
  5. Double click on entry to view General Ledger for details
  6. Click on REPORT
  7. Select a report and Style Options
  8. Click PRINT to print to PDF

Balance Sheet

The term balance sheet refers to a financial statement that reports a company's assets, liabilities, and shareholder equity at a specific point in time. Balance sheets provide the basis for computing rates of return for investors and evaluating a company's capital structure. In short, the balance sheet is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders




Alert
STEPS:
  1. Click on REPORT > FINANCIAL > BALANCE SHEET
  2. DATE - Enter a date
  3. Click REFRESH
  4. Double click on entry to view General Ledger for details
  5. Click on REPORT
  6. Select a report and Style Options
  7. Click PRINT to print to PDF

Profit and Loss

The term profit and loss (P&L) statement refers to a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a quarter or fiscal year. These records provide information about a company's ability or inability to generate profit by increasing revenue, reducing costs, or both.


Alert
STEPS:
  1. Click on REPORT > FINANCIAL > PROFIT/LOSS
  2. DATE - Select the date range
  3. Click REFRESH
  4. Double click on entry to view Original Document 
  5. Click on REPORT
  6. Select a report and Style Options
  7. Click PRINT to print to PDF

Bank Balance

The bank balance represents a running tally of a company's account balance when considering all transactions, some of which have yet to be reconciled through the bank account.
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Alert
STEPS:
  1. Click on REPORT > FINANCIAL > BANK BALANCE
  2. DATE - Select the date range
  3. ACCOUNT - Select the bank account
  4. Click REFRESH


Alert
STEPS:
  1. Show Audit Detail:  This option will show all the changes affecting the document. 
  2. Show Voucher Detail:  This option shows the first row of the description.
    This description is the description entered in the voucher.
Alert
STEPS:
  1. Click on REPORT
  2. Select a report and Style Options
  3. Click PRINT to print to PDF

Cash Flow

A cash flow report or statement highlights a company's cash inflows and outflows from its ongoing operations and or external investment sources.  It includes cash made by the business through operations, investment and financing - the sum of which is called net cash flow.


Alert
STEPS:
  1. Click REPORT > FINANCIAL > CASH FLOW
  2. Date - Select the date range
  3. Click on REPORT
  4. Select DIRECT or INDIRECT report and Style Options
  5. Click PRINT to print to PDF