Understanding Financial Reports Tables
Financial statements provide you with the information necessary for making complex financial decisions. The Financial Reports window lets you create customized financial statements or alter the provided financial statements to better suit your needs. Creating custom financial reports is easier and faster than ever. You can create Financial Reports simply by categorizing general ledger account numbers. You can view the reports on screen before printing or you can export the reports to an Excel spreadsheet or text file. You can also save your custom reports and they are automatically added to your list of reports.
In the Financial Reports window, you can create a new report, load a saved report, or delete a saved report. There are currently two reports available: Balance Sheet and Profit and Loss. A balance sheet shows your net worth at a glance including what you have and what you owe. Periodically running a balance sheet lets you see how your business is doing. The profit and loss statement provides a snapshot of how your business is doing for the specified period. The profit and loss statement includes sales, cost of goods, and expenses.
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