Accounting5 min read

Financial Reports: P&L, Balance Sheet, Trial Balance

Generate and read your key financial statements.

Profit & Loss (Income Statement)

The P&L shows your revenue, cost of goods sold, gross profit, operating expenses, and net profit for a period.

  1. 1Go to Reports → Profit & Loss
  2. 2Set the date range (e.g., 1 July – 30 June for a full financial year)
  3. 3Click Generate
  4. 4Use Export to download as PDF or Excel

Balance Sheet

The Balance Sheet shows what your business owns (assets), owes (liabilities), and the owner's equity, all at a single point in time.

  1. 1Go to Reports → Balance Sheet
  2. 2Set the As-of date (usually month-end or year-end)
  3. 3Click Generate

Run the Balance Sheet at month-end to catch any imbalances early, before year-end.

Trial Balance

The Trial Balance lists every account with its debit or credit balance. Use it to verify your books are balanced and to spot accounts with unexpected amounts.

  1. 1Go to Reports → Trial Balance
  2. 2Set the date range
  3. 3Click Generate
  4. 4Total debits must equal total credits, a difference indicates a data entry issue

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