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Financial Reports

Understand your financial position with comprehensive financial reports.

Available Financial Reports​

Profit & Loss (Income Statement)​

See if you're making money:

  • Total revenue
  • Total expenses
  • Net profit/loss

Cash Flow​

Track money movement:

  • Money in (collections)
  • Money out (expenses, payments)
  • Net cash flow

Balance Summary​

Snapshot of what you have:

  • Accounts receivable (owed to you)
  • Accounts payable (you owe)
  • Cash on hand

Expense Summary​

Where money goes:

  • By category
  • By vendor
  • Trends over time

Tax Summary​

Prepare for tax season:

  • Taxable income
  • Deductible expenses
  • Tax collected (if applicable)

Profit & Loss Report​

Shows if your business is profitable.

Revenue

  • All invoiced sales
  • Discounts given = Net Revenue

Expenses

  • All recorded expenses = Total Expenses

Net Profit = Revenue - Expenses

Interpreting P&L​

ResultMeaning
PositiveProfitable
ZeroBreaking even
NegativeLosing money

Cash Flow Report​

Different from profit—shows actual cash movement.

You can be profitable but cash-poor if:

  • Customers pay late
  • You pay expenses upfront

Cash Flow Categories​

Operating

  • Customer payments received
  • Expenses paid

Investing (if applicable)

  • Equipment purchases
  • Asset sales

Financing (if applicable)

  • Loans received
  • Loan payments

Running Financial Reports​

1. Go to Reports​

Click Reports → Financial.

2. Select Report Type​

Choose P&L, Cash Flow, or another report.

3. Set Period​

Select the time period:

  • This month
  • This quarter
  • This year
  • Custom range

4. Generate​

View the report with breakdowns and totals.

Comparing Periods​

Track progress by comparing:

  • This month vs. last month
  • This quarter vs. same quarter last year
  • Year to date vs. previous year

Exporting for Accountants​

  1. Generate the report
  2. Click Export
  3. Choose Excel or CSV
  4. Send to your accountant

Tips​

  • Review financial reports monthly
  • Track against budgets
  • Watch for cash flow gaps
  • Keep expenses categorized correctly for accurate reports
  • Work with an accountant for tax planning