End of Month Reports

Loretta Wisdom-Zagon

Hi Community

What are the best end of month reports for financial reporting apart from PnL, BS and CashFlow. Is there one report or perhaps a modified report that captures all the data and highlighting all payments from both BS and PnL and bank balances?

Bruce

I am from the "cash is king" school.

Hence, in my opinion the most valuable report I can provide clients is projected cash flows and running bank balances.

To do this properly can require a bit of thought, particularly around the assumptions behind when receivables will be received. Also when salaries, other major expenses and tax instalments are to be paid etc. In my experience this is best done on a spreadsheet, so outside the scope of the accounting system.

Acctd4

@Loretta Wisdom-Zagon The beauty of RA/RAH is that you can create your own!

From the Find filters, you can filter for specific accounts or account types, add/remove columns & sort/ subtotal as required. Once tweaked exactly how you want it, name & Memorise it for re-generation anytime 😊

Loretta Wisdom-Zagon

Thanks Bruce and Shaz

Shaz having a report combining PnL items and BS items is what I'm after. I'm familiar with using filters but don't think this is a possibility or am I missing something?

Acctd4

Hi @Loretta Wisdom-Zagon

You can filter for All Accounts & any other criteria.

This produces results as per the General Ledger (a report which shows all transactions, totalled by account) The default version of this report is under the Reports dropdown menu > Accountant > General Ledger.

The Trial Balance (in the same default Report popup menu) will also give you a summary of just the (Debit/Credit) balances for each account.