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Account Report
The Account Report shows the balance for the specific account.
In the Amount column there is a dollar amount of a separate transaction. Upon its completion there is the total amount as a sum of the transactions made during indicated period of time.
Choose the parameters for the report:
- select Date From and Date To - to set the range the report will be created to.
- select the account from the drop-down menu the report will be created on.
The Balance column displays the track of changes after each transaction was made. Upon its completion there is the total amount as a sum of balances calculated after each separate transaction.
To open this report select Reports / Accountant and Taxes / Account Report from the Free Accounting menu.
Account Listing
The Account Listing report displays the balances of all the accounts that are involved into accounting.
It shows the information that you can view in the Chart of Accounts window.
To open this report select Reports / Accountant and Taxes / Account Listing from the Free Accounting menu.
General Ledger
The General Ledger report shows the list of the transactions that were made during the fixed date range.
Choose the parameters for the report:
- select Date From from calendar - tha date the report will be created from.
- select Date To from calendar - the date the report will be created to.
It shows the same information as in the Master Transaction Ledger. With the exception that the operation is divided into two (or more if the operation is splitted into a few accounts) transactions belonging to the corresponding accounts. The transactions are grouped by accounts.
The General Ledger keeps track of transactions by a separate account with the total amount displayed in the Amount column that was applied to the selected period of time.
The Balance column displays the track of changes after every transaction was made. The track starts from the opening balance for this period.
After every transaction the balance is recalculated with taking into account the opening balance, so till the last transaction.
Upon it completion there is the total balance on the Date To.
To open this report select Reports / Accountant and Taxes / General Ledger from the Free Acccounting menu.
Journal
The Journal report shows the list of the transactions that were made on the selected date range.
Choose the parameters for the report:
- select Date From from calendar - the date the report will be created from.
- select Date To from calendar - the date the report will be created to.
The report shows the same information as in the Master Transaction Ledger.
To open this report select Reports / Accountant and Taxes / Journal from the Free Accounting menu.
Transaction Detail by Account
The Transaction Detail by Account shows the list of transactions in detail that were made during the fixed date range.
Choose the parameters for the report:
- select Date From from calendar - the date the report will be created from.
- select Date To from calendar - the date the report will be created to.
The Transaction Detail by Account report keeps track of transactions by a separate account with the total amount displayed in the Amount column that was applied to the selected period of time.
The Balance column displays the track of changes after each transaction was made. Upon its completion there is the total amount as a sum of balances calculated after every separate transaction.
To open this report, select Reports / Accountant and Taxes / Transaction Detail by Account from the Free Accounting menu.
Transaction List by Date
Transaction List by Date displays the list of the transactions that were made during the fixed date range.
Choose the parameters for the report:
- select Date From from calendar - the date the report will be created from.
- select Date To from calendar - the date the report will be created to.
This report shows the same information you can view in the Master Transaction Ledger.
To open this report select Reports / Accountant and Taxes / Transaction List by Date from the Free Accounting menu.
Trial Balance
The Trial Balance shows the listing of the account balances.
Choose the parameters for the report:
- select Date From from calendar - the date the report will be created from.
- select Date To from calendar - the date the report will be created to.
This report helps prove that the requirements of double-entry accounting have been met.
After the listing of the account balances, the footing of the debit column and the credit column of the trial balance should agree.
If two columns agree, the trial balance is said to be in balance.
To open this report, select Reports / Accountant and Taxes / Trial Balance from the Free Accounting menu.
Income Statement Standard
The Income Statement Standard report shows income, expenses, and net income or net loss for a period of time.
Choose the parameters for the report:
- select Date From from the calendar - the date the report will be created from.
- select Date To from the calendar - the date the report will be created to.
- check the Show Posted checkbox to view the balance formed with posted entries only.
The comparison of income and expenses will show either net income or net loss.
When total income exceeds total expenses, the difference shows net income.
To open this report, select Reports / Accountant and Taxes / Income Statement Standard from the Free Accounting menu.
Income Statement Detail
The Income Statement Detail report displays income, expenses, and net income or net loss for a period of time in detail.
Choose the parameters for the report:
- select Date From from the calendar - the date the report will be created from.
- select Date To from the calendar - the date the report will be created to.
- check the Show Posted checkbox to view the balance formed with posted entries only.
This Income Statement Detail report displays the same calculated information as Income Statement Standard but detailed with transactions.
The comparison of income and expenses will show either net income or net loss.
When total income exceeds total expenses, the difference shows net income.
To open this report, select Reports / Accountant and Taxes / Income Statement Detail from the Free Accounting menu.
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