> ## Documentation Index > Fetch the complete documentation index at: https://every.help/llms.txt > Use this file to discover all available pages before exploring further. # Financial Reports > Financial statements and accounting reports ## Financial Reports Access essential financial statements to understand your business performance. ### Core Financial Statements Income and expenses Assets, liabilities, equity Cash inflows and outflows ### Profit & Loss Statement Shows income and expenses over a period: * Sales revenue * Service income * Other income * Total revenue * Direct materials * Direct labor * Manufacturing overhead * Gross profit calculation * Payroll and benefits * Rent and utilities * Marketing and advertising * Office supplies * Professional services * Software and subscriptions * Operating income * Interest and taxes * Net profit/loss **Customization Options:** * **Accrual vs Cash** - Accounting method * **Date Range** - Any period * **Comparison** - Compare to previous period * **Department** - Department P\&L * **Class/Location** - Segment reporting ### Balance Sheet Snapshot of financial position: **Current Assets:** * Cash and cash equivalents * Accounts receivable * Inventory * Prepaid expenses **Fixed Assets:** * Property and equipment * Accumulated depreciation * Intangible assets **Current Liabilities:** * Accounts payable * Accrued expenses * Short-term debt * Payroll liabilities **Long-term Liabilities:** * Long-term loans * Deferred revenue * Other long-term obligations **Owner's Equity:** * Capital contributions * Retained earnings * Current year profit/loss * Distributions Balance sheet must always balance: Assets = Liabilities + Equity ### 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 ### 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 ### Trial Balance List of all accounts and balances: | Account | Debit | Credit | | ------------------- | -------- | --------- | | Cash | \$50,000 | | | Accounts Receivable | \$25,000 | | | Revenue | | \$100,000 | | Expenses | \$20,000 | | | Accounts Payable | | \$15,000 | Verify debits equal credits. ### Accounts Payable Reports Bills organized by age: Current, 30, 60, 90+ days Amount owed to each vendor Paid, scheduled, and overdue bills Historical payments by vendor and date ### 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 ### 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 Review budget variance reports monthly to stay on track ### 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 ### 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 ### 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 ### 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 Complete bank reconciliations before generating month-end reports ### 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 ### 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 ### 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 ### 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 ### Report Consolidation For multi-entity businesses: * Consolidate multiple companies * Eliminate intercompany transactions * Segment reporting * Roll-up summaries * Entity-level detail Consolidation features available on Enterprise plans ### 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