Financial Reports

What This Module Is

The Financial Reports engine (Accounting > Reporting) generates all of your statutory and management financial statements directly and continuously from your ledger — there is no separate "close the books, then generate reports" step; every report reflects live data as of the moment you open it.

Reports Included

Common Controls Across Every Report

• Date filter – a specific date (Balance Sheet) or a date range (P&L-style reports), with quick options like This Month/Quarter/Year and a custom range.
• Comparison – add one or more prior-period columns side by side (e.g. this month vs last month vs same month last year).
• Journals filter – restrict to specific journals (useful to isolate one business line or company branch).
• Hide zero lines – collapse rows with no activity so the report stays readable.
• Export – PDF and XLSX from every report, for sharing or further analysis.
• Multi-company – run a single company or a consolidated view across several, if you manage more than one.

Every Number Is Clickable

Click any line's amount to drill down into the underlying journal items — the report is never a dead-end number, it's always one click away from the actual transactions that produced it. This is the fastest way to answer "why is this number what it is" without leaving the report.

Where the Cash Actually Went

Profit and cash are not the same thing — a business can be profitable on paper while running out of cash (e.g. if customers are slow to pay). The Cash Flow Statement (Accounting > Reporting > Cash Flow) explains the difference.

The Three Activity Groups

• Operating Activities – cash from normal business operations, starting from Net Profit and adjusting for non-cash items and changes in receivables/payables/inventory.
• Investing Activities – cash spent on or received from fixed assets and investments.
• Financing Activities – cash from loans, owner contributions, or distributions.

Opening Cash + Net Cash from all three groups = Closing Cash, which should tie exactly to your actual bank balances at the report date.

Executive Summary

Go to Accounting > Reporting > Executive Summary for a single condensed page aimed at non-accountants: revenue, profitability, cash, and a handful of key ratios, each with a period-over-period comparison — the report to hand an owner or board member who doesn't need (or want) the full Balance Sheet/P&L detail.

From Ledger to Tax Filing

Go to Accounting > Reporting > Tax Report. Every tax-relevant transaction, grouped into the boxes/lines your tax authority's return actually asks for (tax collected on sales, tax paid on purchases, net due).

Using It

1. Select the tax period matching your filing frequency (monthly/quarterly/annual, depending on your jurisdiction).
2. Review each tax grid line — click through to the underlying invoices/bills if a number looks off.
3. Export or use the figures directly to complete your official return.

Tax Lock Date

After filing, set a Tax Lock Date (Settings > Invoicing > Fiscal Periods) up to the filed period's end date — this prevents anyone from later editing a transaction that's already been reported to the tax authority, which would make your filed return and your books disagree.

Multi-Jurisdiction Businesses

If you operate across regions with different tax rules, fiscal positions (see the Accounting course's "Fiscal Positions" article) determine which taxes apply to which transactions, and this report reflects that automatically — you don't need to manually separate transactions by jurisdiction.