Accounting reports are compilations of financial information that are derived from the accounting records of a business. These can be brief, custom-made reports that are intended for specific purposes, such as detailed analysis of sales or the profitability of a specific product line.
Output Books offers various reports required to improve your business. Such reports are as follows
- Day Book
- Cash/Bank Book
- Trail Balance
- Profit & Loss
- Balance Sheet
- Opening Balance
Page Contents
1. Day Book
A day book is a book of all transactions such as Sales, Purchases, Receipt, Payment, Expenses etc., that are entered in the order of their occurrence.
1.1. Filters in Day Book
You can view your transactions based on transaction type and date.
a) Transaction Type
Here the dropdown lists Sales Invoice, Retail Invoice, Credit Note, Debit Note, Receipt, Purchase Bill, Expense, Purchase Order, Supplier Credit Note, Supplier Debit Note, Bill Payment, Journal, Contra and Opening Balance. Clicking on a particular type lists its related transactions.
b) Date Filter
Here you can view date-wise transactions. Filters in day book are Today, Yesterday, This Week, Last Week, This Month, Last Month and Custom date.
1.2. Print
You can print Day Book by clicking Print, and also you can export the details as PDF, CSV and XLS.
2. Cash/ Bank Book
All cash transactions (receipts and payments) are recorded in the cash book. Cash book balance shows the amount of cash in hand at a particular time.
You can view bank book by choosing the respective bank listed in the dropdown.
All bank transactions are recorded in the bank book. The balance of bank book reflects the cash available at bank at a particular time.
Both Cash/Bank Book can be filtered by date and can export to PDF.
3. Trial Balance
A trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into a debit and credit column with equal totals. The general purpose of producing a trial balance is to ensure the entries in a company’s bookkeeping system are mathematically correct.
You can filter trail balance by date and can be exported as PDF. On clicking the zoom icon, detailed ledger balances are displayed.
4. Profit & Loss
The profit and loss account shows what net profit and loss your business has made within an accounting period after deducting all expenditure from the income.
The profit & loss statement is considered one of the most important documents for keeping an eye on the financial health of a business.
A profit and Loss statement can be generated for any period of time using the top date filter. You can also export the statement as PDF. On clicking any account type, a summary for the respective account will be displayed. Summary can be viewed for month wise using the Monthly toggle ON at the top.
5. Balance sheet
A balance sheet is a financial statement that reports a company’s assets, liabilities and equity at a specific period of time, detailing the balance of income and expenditure over the period.
On clicking the zoom icon, the detailed report will be displayed as below.
On clicking any account type, the detailed summary of the account type will be displayed.
