Financial Reports

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Financial Reports

Access essential financial statements to understand your business performance.

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Core Financial Statements

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Profit & Loss Statement

Shows income and expenses over a period: Customization Options:

• Accrual vs Cash - Accounting method
• Date Range - Any period
• Comparison - Compare to previous period
• Department - Department P&L
• Class/Location - Segment reporting

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Balance Sheet

Snapshot of financial position:

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Cash Flow Statement

Track how cash moves through business: Operating Activities:

• Cash from customers
• Cash paid to suppliers
• Cash paid for expenses
• Net cash from operations

Investing Activities:

• Purchase of equipment
• Sale of assets
• Investment purchases/sales

Financing Activities:

• Loan proceeds
• Loan repayments
• Owner contributions
• Distributions to owners

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General Ledger

Detailed transaction-level report:

• All transactions by account
• Debits and credits
• Running balances
• Transaction details and descriptions
• Source document links

Use cases:

• Account reconciliation
• Audit trail
• Transaction research
• Period close verification

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Trial Balance

List of all accounts and balances: Verify debits equal credits.

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Accounts Payable Reports

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Accounts Receivable Reports

Track money owed to you:

• AR Aging - Outstanding invoices by age
• Customer Balances - Amount owed by customer
• Collection Report - Payment collection status
• Invoice Status - Paid, partial, unpaid invoices

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Budget Reports

Compare actuals to budget:

• Budget vs Actual - Side-by-side comparison
• Variance Report - Differences and percentages
• Budget Performance - By department or category
• Forecast vs Actual - Compare to projections

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Expense Reports

Detailed expense analysis: By Category:

• Total spending by expense category
• Trend analysis
• Top expense categories

By Vendor:

• Spending per vendor
• Payment frequency
• Vendor comparison

By Department:

• Department spending breakdown
• Budget utilization
• Cost allocation

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Transaction Reports

Granular transaction data:

• All transactions by date
• Filter by type, category, vendor
• Search by description or amount
• Export for analysis
• Attach supporting documents

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Tax Reports

Prepare for tax filing:

• Annual Tax Summary - Income and deductions
• 1099 Report - Contractor payments
• Sales Tax Report - Sales tax collected
• Quarterly Estimates - Estimated tax payments
• Deduction Summary - Business deductions

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Month-End Reports

Package of reports for period close:

1. Profit & Loss Statement
2. Balance Sheet
3. Cash Flow Statement
4. Bank Reconciliation Report
5. AP/AR Aging
6. Budget Variance Report

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Year-End Reports

Annual reporting package:

• Annual P&L
• Year-end balance sheet
• Annual cash flow
• Tax preparation reports
• Annual budget analysis
• Year-over-year comparison

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Custom Date Ranges

Generate reports for any period:

• Custom date range
• Fiscal quarters
• Fiscal year
• Rolling 12 months
• Month-to-date
• Year-to-date
• Previous period

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Comparative Analysis

Compare time periods:

• Year-over-Year - Compare to same period last year
• Period-over-Period - Month or quarter comparison
• Multi-Year - Trend analysis over years
• % Change - Percentage increase/decrease

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Report Formatting

Customize report appearance:

• Add company logo and branding
• Header and footer customization
• Column selection and ordering
• Number formatting (decimals, commas)
• Font and color schemes
• Page orientation and size

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Report Consolidation

For multi-entity businesses:

• Consolidate multiple companies
• Eliminate intercompany transactions
• Segment reporting
• Roll-up summaries
• Entity-level detail

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Report Audit Trail

Track report access and changes:

• Who generated reports
• When reports were run
• What parameters were used
• Export and sharing history
• Report modifications