Financial Reporting

Brief Accounting has a number of financial reports that can be generated with user-defined parameters.

When the Brief Accounting Home screen is visible, there will be a "Reports" option along the menu bar at the top of the screen.

Clicking on the Reports menu displays the various reports available in Brief Accounting, including the Financials reports option:

The following reports are available under Financials:

Trial Balance:

The Trial balance can be printed for a user-defined date range. The report displays a list of all General Ledger Accounts with the account name, number, category (asset, liability, equity, revenue, expense, disbursement) and balance over the date range selected.

The Control GL Accounts are indicated so totals can be checked against journal totals such as bank balances, accounts receivable and accounts payable.

The report can be printed to Printer, Screen, saved as a PDF of printed to File:

When printed to File, the Trial Balance may be opened with Excel.

Balance Sheet

The Balance Sheet reports the firm's assets, liabilities, and shareholder equity as at the date specified when generating the report.

The report can be printed to Printer, Screen, saved as a PDF or printed to File:

Income Statement:

The Income Statement (or profit and loss account) is one of the financial statements of a company and shows the company's revenues and expenses during a particular period. It indicates how the revenues are transformed into the net income or net profit.

The date range of the Income Statement is user defined when generating the report. There are also additional reporting options when generating the Income Statement:

General Ledger

The General Ledger report details all financial activity for each of the Chart of Accounts. It details every transaction for the date range specified when running the report. 

When printed to Screen, Printer or to PDF, the report prints the detail of every Chart of Account as individual PDFs (one per Chart of Account). 

When printed to File, a single Excel file is generated detailing every transaction for all GL Accounts for the reporting period.