Three financial reports read directly from the journal. All figures are in the company base currency. Each report is run for a company and a Financial Year selected at the top.

Trial Balance

Lists every postable account with its balance as at a chosen date (any date within the selected year; defaults to the year end), split into Debit and Credit columns, grouped by category and group with sub-totals.

• Balances are cumulative from the beginning of the books to the chosen date, so after a year is closed its income and expense accounts show only activity since the close.

• Inactive accounts that still carry a balance are included — a balance can never silently disappear from the Trial Balance.

• The totals line shows total debits and credits; if they differ, a red warning appears. A difference indicates a data problem that should be reported immediately — the posting rules prevent unbalanced entries.

Use it for: month-end review, reconciliations, verifying opening balances, pre-close checks.

Balance Sheet

Assets on the left; liabilities and equity on the right, as at a chosen date within the selected year. The right side includes a Net Income (P/L) line — the profit or loss from the start of the selected year to the chosen date — so the statement balances during the year before any closing entry exists.

Two warnings can appear under the statement:

• The ledger does not balance as of this date — same meaning as a Trial Balance difference; investigate via the Trial Balance.

• One or more earlier Financial Years are still open — prior-year profits have not yet been transferred to Retained Earnings, so the two sides will not agree until those years are closed.

Profit & Loss

Revenue and expenses for a date range within the selected year (defaults to the full year), grouped by category and group, with the net profit or loss shown at the top.

• The year-end closing entry is dated the last day of the year, so a P&L run for the full year of a closed year still shows the year's true activity.

• Run interim P&Ls for any month or quarter by adjusting the from/to dates.

Reading the reports together

• Trial Balance difference of zero is the health check — look there first if anything seems off.

• Balance Sheet as at year end (after closing and FX revaluation) plus the P&L for the year are your statutory statements.

• Every figure traces back to journal entries: use an account's detail page (Chart of Accounts) to see the entries behind its balance, and click through to each journal entry.