Financial Statement
Financial Statement holds the three reports that tell you how the business actually did — profit and loss, trial balance and balance sheet. Unlike the printed versions, these are drill-down views: every figure on screen opens into the accounts and transactions behind it.
The three statements
| Statement | Answers |
|---|---|
| Profit and Loss | Did we make money over this period? |
| Balance Sheet | What do we own and owe as at this date? |
| Trial Balance | Do the books balance, and where is each figure coming from? |
Drill-down or printed report
| This module | General Ledger Reports | |
|---|---|---|
| Format | On screen, interactive. | PDF or Excel. |
| Best for | Investigating a figure. | Filing, sending, or handing to an accountant. |
| Drill-down | Yes — click through to the transactions. | No. |
Use the drill-down to find out why a number is what it is, then print the report version once you are satisfied it is right. Investigating from a PDF means going back to the screen anyway.
Common filters
All three views share the same filters, so a question can be asked of each in turn:
- Date or date range — the period being reported.
- Branch and Department — narrows to one part of the business, where dimensions are in use.
Where to go next
- Overview — the headline figures and ratios
- Profit and Loss Drill Down — performance
- Balance Sheet Drill Down — position
- GL Accounts — the chart these are built from
In this section · 4 articles
Trial Balance
The Trial Balance Drill Down summarises every ledger account, grouped into financial categories. Its...
Balance Sheet Drilldown
The Balance Sheet Drill Down shows the financial position of the business at a...
Profit and Loss Drilldown
The Profit and Loss Drill Down shows how the business performed over a period,...
Financial Overview
The Financial Overview puts the whole picture on one screen — revenue and expenses...