Profit and loss, balance sheet and trial balance
Run your main financial reports for any period, click through to the entries behind a line, and print them.
Your reports are always up to date, because every invoice, bill and payment posts to the books as you work.
Steps
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Open Finance & Accounting, then Profit & Loss. Income, expenses and the Net profit for this month.
Profit & Loss -
Choose the period. Change From and To and click Show.
Choose the period -
Click a line for the detail. Each line opens the account's ledger with the entries behind it.
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Balance sheet. What the company owns and owes on a date: assets, liabilities and equity. This year's profit is part of equity.
Balance sheet -
Trial balance. Every account with its debit or credit balance. Debits and credits always add up to the same total. Your accountant will ask for it.
Trial balance -
Print. Every report has a Print button, for paper or a PDF.
Good to know
- Compare with your plan in Budgets.
- Amounts are in your company currency, including invoices and bills in other currencies.