The following reports are often requested by accountants and used to properly manage the different filing periods for tax purposes. Ask your accountant what reports they'd like to see and on what frequency.
Reports | Monthly | Quarterly | Year-End |
Accounts | Accounts | Accounts | Accounts |
Balance Sheet ( Level 3 and 4 ) | X | X | X |
Profit & Loss ( Level 3 and 4 ) | X | X | X |
Trial Balance Summary | X |
| X |
Trial Balance Detail | X | X | X |
Sales | Sales | Sales | Sales |
Receivable Reconciliation Summary | X |
| X |
Sales Tax Summary | X | X | X |
Sales Tax Detail | X | X | X |
Purchases | Purchases | Purchases | Purchases |
Payables Reconciliation Summary | X |
| X |
Vendor Payments |
|
| X |
Payroll | Payroll | Payroll | Payroll |
Payroll Earnings | X |
| X |
Employee Register | X | X | X |
F940 (US) |
|
| X |
F941 (US) |
| X | X |
Tax Detail Employee | X |
| X |
Tax Liabilities | X | X | X |
Quarterly Tax |
| X | X |
Inventory | Inventory | Inventory | Inventory |
Inventory Value Reconciliation | X |
| X |
Tip: You can batch the desired reports to send to your accountant. To create a Report Batch:
Go to the Reports Menu and select Report Batches
Select the New button
Name the Batch, for example, Accountant Quarterly Reports
Select the desired reports by placing a check mark before each one
The Report Batch named Accountant Quarterly Reports will now appear
When you are ready to run the Report Batch for your Accountant, simply go to the Reports Menu and select Report Batches. Highlight the report batch and select the desired period, then print
The Report Batches feature offers the print option only. To delete a batch report item, highlight the item, and select Delete from the Edit menu at the top of the screen.