Reports
Don't get confused by reports that only accountants can understand. Our reports are designed for business owners who want to understand the financial position of their business. If you are running on spreadsheets, then these reports are a key advantage that real accounting software has over spreadsheets. Below are the standard reports that you will rely on.
Profit & Loss Report
Your profit is not the same as your bank balance. The Profit & Loss report takes into account items such as unpaid tax, salaries owing, superannuation owing, and depreciation, to give you the true performance of your business.
Income less Cost of Sales = Gross Profit
Gross Profit less Expenses = Net Profit
Balance Sheet
The Balance Sheet shows your assets, liabilities and equity.
Assets are the things you own, such as motor vehicles, computers and offices furniture.
Liabilities are the things you owe others, such as bank loans, directors loans, car leases, unpaid tax and unpaid wages.
Equity is the difference between what you own and what you owe.
General Ledger Report
Shows you which transactions were posted to a particular account. A real time saver when investigating errors and omissions.
Aged Debtors Report
Keep track of who owes you money, and which customers are slow to pay. This report helps you to manage your cash flow and reduce bad debts.