Financial statements
Trial balance, profit and loss, balance sheet, cash flow, ledger, journal, ageing and budget.
| Report | What it shows |
|---|---|
| Trial balance | Every account’s debit or credit balance — totals must agree. Check it daily during go-live. |
| Profit and loss | Income and expenses for a period. |
| Balance sheet | Assets, liabilities and equity at a date. |
| Cash flow | Cash movements by activity. |
| Ledger | All transactions in one account. |
| Journal | All journal entries in a period. |
| Accounts receivable / payable ageing (summary / detail) | What is owed to and by the institution, by age. |
| Budget overview | Actual against budget. |
Important
If the trial balance does not balance, stop and investigate before posting more — usually a manual journal or an opening balance.
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