Reports
Financial statements, trial balance, general ledger, customer and vendor reports, tax returns, control, currency, management and fixed asset reports: what each one answers and how its figures are worked out.
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Financial statements
- Statement of Financial PositionSee what the company owns, owes and is worth on any date, with an optional comparison, and understand how each total is worked out.
- Statement of Profit or LossSee revenue, costs and profit for a month, quarter or year, compare it with the prior period or prior year, or lay it out month by month.
- Trial BalanceCheck that debits equal credits and see every posting account's opening balance, movement and closing balance, on its own or next to a prior period.
- General LedgerSee every posting to an account in a period, with its opening balance, running balance and closing balance, and open the document behind each line.
- Cash flows and changes in equityRun the Statement of Cash Flows (indirect method) and the Statement of Changes in Equity, and see how each line is worked out from the ledger.
Customers and vendors
- Customer and vendor ageingSee what each customer owes you and what you owe each vendor on a date, split by how many days overdue, invoice by invoice.
- Customer and vendor balancesSee each customer's and vendor's balance on a date, check that the invoice and bill lists agree with the ledger, and find receipts that haven't been matched to an invoice.
Tax
- VAT ReturnWork out the VAT you owe or can reclaim for a period, by VAT posting setup and tax code, and drill down to the ledger lines behind each figure.
- Withholding tax and tax summarySee withholding tax deducted by customers and from vendors, customer by customer and vendor by vendor, and check every tax account against what the tax reports say.